<SEC-DOCUMENT>0001193125-13-329286.txt : 20130809
<SEC-HEADER>0001193125-13-329286.hdr.sgml : 20130809
<ACCEPTANCE-DATETIME>20130809164238
ACCESSION NUMBER:		0001193125-13-329286
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20130809
FILED AS OF DATE:		20130809
DATE AS OF CHANGE:		20130809

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:		131027090

	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>d581395d6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 6-K</TITLE>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>UNITED STATES </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>WASHINGTON, D.C. 20549
</B></FONT></P> <P STYLE="margin-top:14px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">FORM 6-K </FONT></P> <P STYLE="margin-top:14px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Report of Foreign Issuer </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pursuant to Rule 13a-16 or 15d-16 of the </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Securities Exchange Act of 1934 </FONT></P> <P STYLE="margin-top:14px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B><U>COMPANIA CERVECERIAS UNIDAS S.A. </U></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(Exact name of Registrant as
specified in its charter) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>UNITED BREWERIES COMPANY, INC. </U></B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(Translation of Registrant&#146;s name into English) </FONT></P> <P STYLE="margin-top:14px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><U>Republic of Chile </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(Jurisdiction of incorporation or organization)
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px;padding-bottom:0px; " ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Vitacura 2670, 23<FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">rd </SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2">floor, Santiago, Chile </FONT></U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(Address of principal executive offices) </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:36%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Securities
registered or to be registered pursuant to section 12(b) of the Act. </FONT></P> <P STYLE="margin-top:14px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F. </FONT></P> <P STYLE="margin-top:14px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Form 20-F <U>X </U>Form 40-F <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</FONT></P> <P STYLE="margin-top:14px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">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. </FONT></P> <P STYLE="margin-top:14px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Yes
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> No <U>X</U> </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P>&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g581395fin_pg001.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:16pt; font-family:ARIAL" ALIGN="center"><B>COMPA&Ntilde;&Iacute;A CERVECER&Iacute;AS
UNIDAS S.A. AND SUBSIDIARIES </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:16pt; font-family:ARIAL" ALIGN="center"><B>INTERIM CONSOLIDATED FINANCIAL STATEMENTS </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">(Figures expressed in thousands of Chilean pesos) </P> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL" ALIGN="center">as
of and for the six months ended June 30, 2013 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 1 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#003300"><B><A NAME="toc"></A>INDEX </B></FONT></P>
<P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="89%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_1">INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_2">INTERIM CONSOLIDATED STATEMENT OF INCOME</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_3">INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_4">INTERIM STATEMENT OF CHANGES IN EQUITY</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_5">INTERIM CONSOLIDATED STATEMENT OF CASH FLOW</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_6">NOTE 1 GENERAL INFORMATION</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_7">NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.1</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_8">Basis of preparation</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>14</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.2</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_9">Basis of consolidation</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>16</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.3</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_10">Financial information as per reportable segments</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>17</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.4</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_11">Foreign currency and unidad de fomento (Adjustment unit)</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>17</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.5</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_12">Cash and cash equivalents</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>18</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.6</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_13">Financial instruments</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>18</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.7</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_14">Financial asset impairment</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>20</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.8</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_15">Inventories</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>20</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.9</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_16">Other non-financial assets</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>21</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.10</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_17">Property, plant and equipment</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>21</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.11</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_18">Leases</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>21</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.12</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_19">Investment property</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>22</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.13</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_20">Biological assets</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>22</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.14</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_21">Intangible assets other than goodwill</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>22</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.15</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_22">Goodwill</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>23</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.16</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_23">Impairment of non-financial assets other than goodwill</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>23</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.17</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_24">Assets of a disposal group held for sale</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>24</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.18</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_25">Income tax and deferred taxes</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>24</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.19</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_26">Employees benefits</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>24</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.20</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_27">Provisions</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>25</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.21</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_28">Revenue recognition</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>25</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.22</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_29">Commercial agreements with distributors and supermarket chains</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>26</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.23</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_30">Cost of sales of products</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>26</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.24</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_31">Other expenses by function</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>26</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.25</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_32">Distribution expenses</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>26</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.26</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_33">Administration expenses</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>26</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.27</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_34">Environment liabilities</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>26</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><I>2.28</I></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I><A HREF="#fin581395_35">Adjustments to prior year financial statements</A></I></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>27</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;&nbsp;</I></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_36">NOTE 3 ESTIMATES AND APPLICATION OF PROFESSIONAL JUDGMENT</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>31</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_37">NOTE 4 ACCOUNTING CHANGES</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>31</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_38">NOTE 5 RISK ADMINISTRATION</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>32</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_39">NOTE 6 FINANCIAL INSTRUMENTS</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>38</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_40">NOTE 7 FINANCIAL INFORMATION AS PER REPORTABLE SEGMENTS</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>44</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_41">NOTE 8 BUSINESS COMBINATIONS</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>51</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_42">NOTE 9 NET SALES</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>52</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_43">NOTE 10 NATURE OF COST AND EXPENSE</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>52</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_44">NOTE 11 FINANCIAL RESULTS</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>53</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_45">NOTE 12 OTHER INCOME BY FUNCTION</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>53</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TD WIDTH="66%"></TD>
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<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
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<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

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<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_46">NOTE 13 OTHER GAIN AND LOSS</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>53</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_47">NOTE 14 CASH AND CASH EQUIVALENTS</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>54</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_48">NOTE 15 ACCOUNTS RECEIVABLES &#150; TRADE AND OTHER RECEIVABLES</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>55</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_49">NOTE 16 ACCOUNTS AND TRANSACTIONS WITH RELATED COMPANIES</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>58</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_50">NOTE 17 INVENTORIES</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>63</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_51">NOTE 18 OTHER NON-FINANCIAL ASSETS</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>64</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_52">NOTE 19 INVESTMENTS ACCOUNTED FOR BY THE EQUITY METHOD</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>64</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_53">NOTE 20 INTANGIBLE ASSETS (NET)</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>67</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_54">NOTE 21 GOODWILL</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>68</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_55">NOTE 22 PROPERTY, PLANT AND EQUIPMENT</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>70</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_56">NOTE 23 INVESTMENT PROPERTY</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>72</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_57">NOTE 24 ASSETS OF DISPOSAL GROUP HELD FOR SALE</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>73</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_58">NOTE 25 BIOLOGICAL ASSETS</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>73</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_59">NOTE 26 INCOME TAXES AND DEFERRED TAXES</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>75</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_60">NOTE 27 OTHER FINANCIAL LIABILITIES</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>78</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_61">NOTE 28 ACCOUNTS PAYABLE &#150; TRADE AND OTHER PAYABLES</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>92</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_62">NOTE 29 PROVISIONS</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>93</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_63">NOTE 30 OTHER NON-FINANCIAL LIABILITIES</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>94</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_64">NOTE 31 EMPLOYEE BENEFITS</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>94</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_65">NOTE 32 NON-CONTROLLING INTERESTS</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>98</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_66">NOTE 33 COMMON SHAREHOLDERS&#146; EQUITY</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>99</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_67">NOTE 34 EFFECTS OF CHANGES IN CURRENCY EXCHANGE RATE</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>102</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_68">NOTE 35 CONTINGENCIES AND COMMITMENTS</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>106</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_69">NOTE 36 ENVIRONMENT</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>109</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:Times New Roman"><B><A HREF="#fin581395_70">NOTE 37 SUBSEQUENT EVENTS</A></B></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>110</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Interim Consolidated Statement of Financial Position (Assets)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">(Figures expressed in thousands of Chilean pesos)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#003300"><B><A NAME="fin581395_1"></A>INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION </B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#003300">As of June&nbsp;30, 2013 (Unaudited) and as of December&nbsp;31, 2013 </FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="14%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ASSETS</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Notes&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">As&nbsp;of&nbsp;December&nbsp;31,&nbsp;&nbsp;<BR>2012</FONT></B></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ThCh$</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Current assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash and cash equivalent</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;14&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">65,826,508&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102,337,275&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other financial assets</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;6&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">3,347,760&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,380,474&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other non-financial assets</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;18&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">15,239,913&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,376,293&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable-trade and other receivables</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;15&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">152,228,981&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">204,570,870&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable from related companies</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;16&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">8,210,659&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,611,990&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Inventories</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;17&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">160,438,248&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">141,910,972&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Taxes receivables</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;26&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">16,083,566&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,287,830&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total current assets different from assets of disposal group held for sale</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>421,375,635&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>495,475,704&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Assets of disposal group held for sale</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;24&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">397,693&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">412,332&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets of disposal group held for sale</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>397,693&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>412,332&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total current assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>421,773,328&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>495,888,036&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Non-current assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other financial assets</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;6&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">167,435&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,541&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other non-financial assets</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;18&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">15,714,793&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,239,482&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable from related companies</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;16&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">382,919&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">414,115&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment accounted by equity method</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;19&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">17,304,525&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,326,391&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Intangible assets other than goodwill</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;20&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">58,297,088&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58,669,967&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Goodwill</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;21&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">76,350,145&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70,055,369&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Property, plant and equipment (net)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;22&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">638,090,998&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">612,328,661&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Biological assets</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;25&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">17,802,806&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,105,213&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment property</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;23&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">6,432,263&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,560,046&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deferred tax assets</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;26&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">25,614,556&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,794,919&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total non-current assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>856,157,528&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>830,559,704&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total Assets</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,277,930,856&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,326,447,740&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 4 </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The accompanying notes 1 to 37 are an
integral part of these interim consolidated financial statements. </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="16%"></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B></B><B></B>Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Interim Consolidated Statement of Financial Position (Liabilities and Equity)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">(Figures expressed in thousands of Chilean pesos)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#003300"><B>INTERIM CONSOLIDATED
STATEMENT OF FINANCIAL POSITION </B></FONT></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#003300">As of June&nbsp;30, 2013 (Unaudited) and as of December&nbsp;31, 2013 </FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">LIABILITIES AND EQUITY</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;Notes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;December&nbsp;31,<BR>2012</FONT></B></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">LIABILITIES</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Current liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other financial liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">27&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">129,219,446&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,874,267&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts payable-trade and other payables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">28&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">119,850,019&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">165,392,448&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts payable- to related companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">16&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">10,560,756&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,013,545&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other short-term provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">29&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">587,440&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">401,849&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Tax liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">26&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">9,406,877&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,096,722&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Employee benefits provisons</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">31&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">11,670,619&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,901,531&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other non-financial liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">30&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">29,319,397&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62,849,254&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total current liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>310,614,554&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>314,529,616&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Non-current liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other financial liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">27&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">145,626,920&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">209,122,735&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others accounts payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">28&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">809,368&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">724,930&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts payable to related companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">16&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">6,262&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,391,810&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other long-term provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">29&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,623,572&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,493,280&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deferred tax liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">26&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">72,034,053&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,495,941&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Employee benefits provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">31&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">14,049,102&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,171,142&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total non-current liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>235,149,277&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>301,399,838&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total liabilities</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">545,763,831&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">615,929,454&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">EQUITY</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Equity attributable to equity holders of the parent</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>33&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Paid-in capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">231,019,592&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">231,019,592&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other reserves</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(49,619,314)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(48,146,228)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Retained earnings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">458,218,635&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">430,346,315&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Subtotal equity attributable to equity holders of the parent</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>639,618,913&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>613,219,679&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-controlling interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">32&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">92,548,112&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">97,298,607&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total Shareholders&#146; Equity</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">732,167,025&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">710,518,286&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total Liabilities and Shareholders&#146; Equity</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,277,930,856&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,326,447,740&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 5 </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The accompanying notes 1 to 37 are an
integral part of these interim consolidated financial statements. </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="16%"></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B></B>Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Interim Consolidated Statement of Income</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#339966">(Figures expressed in thousands of Chilean pesos)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#003300"><B><A NAME="fin581395_2"></A>INTERIM CONSOLIDATED STATEMENT OF INCOME </B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#003300">(Unaudited) </FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">INTERIM
CONSOLIDATED STATEMENT OF</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">INCOME</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;Notes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For&nbsp;the&nbsp;three&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">9&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">547,546,167&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">499,498,547&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">243,446,051&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218,018,925&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cost of sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">10&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(249,409,818)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(235,669,932)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(119,493,690)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(110,028,637)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Gross margin</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>298,136,349&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>263,828,615&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>123,952,361&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>107,990,288&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other income by function</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">12&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,394,812&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,256,166&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">462,206&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,627,839&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Distribution costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">10&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(101,863,958)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(85,223,276)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(45,304,799)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(38,584,278)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Administrative expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">10&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(42,332,186)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(40,003,012)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(21,285,700)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19,596,695)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other expenses by function</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">10&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(75,462,601)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(63,618,810)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(35,982,761)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(31,261,223)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other gains (losses)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">13&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,679,017&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,968,281)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,869,768&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">301,628&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Gains (losses) from operational activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>81,551,433&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>75,271,402&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>23,711,075&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>20,477,559&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Financial income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">11&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,998,538&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,241,103&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">924,166&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,908,266&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Financial costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">11&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(9,775,071)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,279,712)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(4,762,086)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,474,889)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity and income from joint ventures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">19&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(1,848)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(120,578)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">22,602&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(107,872)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency exchange differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">11&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(648,422)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(613,327)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(530,128)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(600,753)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Result as per adjustment units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">11&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(121,893)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,626,956)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">87,221&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(735,136)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income before taxes</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>73,002,737&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>68,871,932&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>19,452,850&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>17,467,175&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">26&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(13,723,424)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13,826,036)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(2,275,620)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,504,269)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income from continuing activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>59,279,313&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>55,045,896&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>17,177,230&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>12,962,906&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income attributable to:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Equity holders of the parent</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">55,744,639&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">51,535,799&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">15,429,225&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">11,310,918&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-controlling interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">32&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">3,534,674&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,510,097&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,748,005&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,651,988&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>59,279,313&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>55,045,896&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>17,177,230&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>12,962,906&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income per share (Chilean pesos) from:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">175.02&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">161.81&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">48.44&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35.51&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Diluted earnings per share (Chilean pesos) from:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">175.02&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">161.81&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">48.44&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35.51&nbsp;</TD></TR>
<TR BGCOLOR="#004811" STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 6 </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The accompanying notes 1 to 37 are an
integral part of these interim consolidated financial statements. </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B></B><B></B>Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Interim Consolidated Statement of Comprehensive Income</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#339966">(Figures expressed in thousands of Chilean pesos)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#003300"><B><A NAME="fin581395_3"></A>INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME </B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#003300">(Unaudited) </FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">INTERIM CONSOLIDATED STATEMENT OF</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">COMPREHENSIVE INCOME</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;Notes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For&nbsp;the&nbsp;three&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,</FONT></B></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net Income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#ccffcc">59,279,313&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">55,045,896&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#ccffcc">17,177,230&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">12,962,906&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other income and expenses charged or credited against equity</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash flow hedges</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">33&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#ccffcc">274,311&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">(154,575)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#ccffcc">238,598&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">359,512&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Exchange differences of foreign subsidiaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">33&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#ccffcc">(3,575,587)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">(8,895,011)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#ccffcc">1,989,667&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">(402,905)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income tax related to other income components and expense charged or credited against equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">33&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#ccffcc">(74,409)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#ccffcc">(45,486)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-&nbsp;</TD></TR>
<TR>
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2" BGCOLOR="#ccffcc"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2" BGCOLOR="#ccffcc"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income tax related with cash flow hedge</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">33&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#ccffcc">(54,862)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">27,750&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#ccffcc">(47,720)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">(67,462)&nbsp;</TD></TR>
<TR>
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2" BGCOLOR="#ccffcc"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2" BGCOLOR="#ccffcc"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income tax related with defined plans of Other Comprehensive Income</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">33&nbsp;&nbsp;&nbsp;&nbsp;</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">14,882&nbsp;</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">-&nbsp;</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#ccffcc"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">9,097&nbsp;</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">-&nbsp;</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total other comprehensive income and</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>(3,415,665)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>(9,021,836)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>2,144,156&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>(110,855)&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Comprehensive income</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">55,863,648&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">46,024,060&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">19,321,386&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">12,852,051&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Comprehensive income originated by:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Equity holders of the parent (1)</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">52,490,989&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">43,333,002&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">17,450,301&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">11,257,723&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-controlling interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">3,372,659&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#ccffcc">2,691,058&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">1,871,085&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">1,594,328&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Comprehensive income</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">55,863,648&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">46,024,060&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">19,321,386&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">12,852,051&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(1) Corresponds to the income (loss) for the year where no income or expenses have been recorded directly against
shareholders&acute;s equity. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 7 </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The accompanying notes 1 to 37 are an
integral part of these interim consolidated financial statements. </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="16%"></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B></B>Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Interim Statement of Changes in Equity</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#339966">(Figures expressed in thousands of Chilean pesos)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#003300"><B><A NAME="fin581395_4"></A>INTERIM STATEMENT OF CHANGES IN EQUITY </B></FONT></P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Paid-in Capital</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="7" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Other Reserves</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">INTERIM&nbsp;STATEMENT&nbsp;OF&nbsp;CHANGES&nbsp;IN<BR>EQUITY</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Common<BR>Stock</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Shares<BR>premium</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency<BR>translation<BR>difference</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Hedge<BR>reserves</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Actuarial<BR>gains<BR>and<BR>losses<BR>on<BR>defined<BR>benefit<BR>plans
<BR>reserves</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Other<BR>reserves</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Retained<BR>earnings</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Equity<BR>attributable<BR>to equity<BR>holders of<BR>the parent</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Non-controlling<BR>interest</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total<BR>Shareholder&#146;s<BR>Equity</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ThCh$</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ThCh$</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ThCh$</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ThCh$</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ThCh$</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ThCh$</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ThCh$</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ThCh$</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ThCh$</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance as of January&nbsp;1, 2012</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>215,540,419</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,479,173</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(25,038,705)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>484,432</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(10,619,334)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>373,129,952</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>568,975,937</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>115,809,725</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>684,785,662</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Changes</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interim dividends according to policy&nbsp;(4)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(25,767,902)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25,767,902)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25,767,902)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other increases (decreases) in Equity</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4,060,660)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,060,660)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Comprehensive income and expense</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(8,115,161)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(87,636)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>51,535,799</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,333,002</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,691,058</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,024,060</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total changes in equity</P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>-</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>-</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>(8,115,161)</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>(87,636)</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>-</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>-</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>25,767,897</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>17,565,100</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>(1,369,602)</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>16,195,498</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">AS OF JUNE 30, 2012 (Unaudited)</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">215,540,419</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">15,479,173</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(33,153,866)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">396,796</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B>-&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(10,619,334)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">398,897,849</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">586,541,037</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">114,440,123</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">700,981,160</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance as of January&nbsp;1, 2012</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>215,540,419</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,479,173</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(25,038,705)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>484,432</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(10,619,334)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>373,129,952</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>568,975,937</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>115,809,725</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>684,785,662</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Changes</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interim dividends (1)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20,065,681)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20,065,681)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20,065,681)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Final dividends (2)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(37,150,689)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(37,150,689)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(37,150,689)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Increase (Decrease) through changes in ownership interests in subsidiaries that do not result in loss of control&nbsp;(3)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,248,058</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,248,058</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19,706,470)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12,458,412)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other increases (decreases) in Equity</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,702,880)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,702,880)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Comprehensive income and expense</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19,637,257)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(583,422)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114,432,733</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">94,212,054</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,898,232</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102,110,286</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total changes in equity</P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>-</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>-</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>(19,637,257)</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>(583,422)</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>-</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>7,248,058</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>57,216,363</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>44,243,742</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>(18,511,118)</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>25,732,624</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">AS OF DECEMBER 31, 2012</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">215,540,419</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">15,479,173</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(44,675,962)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(98,990)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B>-&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(3,371,276)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">430,346,315</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">613,219,679</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">97,298,607</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">710,518,286</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance as of January&nbsp;1, 2013</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>215,540,419</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,479,173</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(44,675,962)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(98,990)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(3,371,276)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>430,346,315</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>613,219,679</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>97,298,607</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>710,518,286</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Changes</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interim dividends according policy (4)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(27,872,319)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(27,872,319)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(27,872,319)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Increase (Decrease) through changes in ownership interests in subsidiaries that do not result in loss of control&nbsp;(3)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,780,564</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,780,564</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,813,129)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,032,565)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other increases (decreases) in Equity</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,310,025)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,310,025)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Comprehensive income and expense</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,363,815)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">177,484</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(67,319)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,744,639</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,490,989</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,372,659</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,863,648</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total changes in equity</P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>-</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>-</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>(3,363,815)</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>177,484</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>(67,319)</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>1,780,564</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>27,872,320</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>26,399,234</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>(4,750,495)</B></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"><B>21,648,739</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">AS OF JUNE 30, 2013 (Unaudited)</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">215,540,419</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">15,479,173</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(48,039,777)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">78,494</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(67,319)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(1,590,712)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">458,218,635</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">639,618,913</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">92,548,112</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">732,167,025</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(1) Related to declared dividends at December&nbsp;31 of each year and paid during January of the following year, as
agreed by the Board of Directors. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(2) Related to the difference between the dividends effectively paid and the provision established (50% as per
current policies) at the closing date of the preceeding year. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(3) In 2013, the Company acquired additional interests in Vi&ntilde;a San Pedro
Tarapaca S.A. with a carrying value of ThCh$ 5,812,638 (ThCh$ 19,769,957 in 2012) for ThCh$ 4,032,074 (ThCh$ 12,521,899 in 2012) resulting in an increase to other reserves of ThCh 1,780,564 (ThCh$ 7,248,058 in 2012) (Note 1 (1)). </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(4) Related to CCU&#146;s policies to distribute a minimum dividend of at least 50% of the income (Note 33). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 8 </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The accompanying notes 1 to 37 are an
integral part of these interim consolidated financial statements. </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="16%"></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B></B>Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Interim Consolidated Statement of Cash Flow</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#339966">(Figures expressed in thousands of Chilean pesos)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#003300"><B><A NAME="fin581395_5"></A>INTERIM CONSOLIDATED STATEMENT OF CASH FLOW </B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">(Unaudited) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="75%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">INTERIM CONSOLIDATED STATEMENT OF CASH FLOW</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;Note&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net cash flows from (used in) operational activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Collection classes:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Proceeds from goods sold and services rendered</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">755,192,185&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">718,372,714&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other proceeds from operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">10,081,244&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,118,514&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Types of payments:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Payments of operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(511,592,918)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(505,634,412)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Payments of salaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(76,407,791)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(59,179,068)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other payments for operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(76,886,538)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(81,990,297)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Dividends received</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">32,407&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,294&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest paid</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(9,622,407)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,392,393)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest received</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,992,572&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,033,508&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income tax reimbursed (paid)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(13,765,506)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(17,812,373)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other cash movements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(3,940,191)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,559,807)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Net cash flows from (used in) operational activities</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT COLOR="#ffffff">75,083,057&nbsp;</FONT></B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT COLOR="#ffffff">59,959,680&nbsp;</FONT></B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash flows from (used
in) investing activities</B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash flows used for control of subsidiaries or other businesses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">14&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">(1,781,907)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Loan to related entities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(1,247,510)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Proceeds from sale of property, plant and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">248,511&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,246,860&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Acquisition of property, plant and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(50,930,457)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(55,178,589)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other cash movements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">733,634&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Net cash flows from (used in) investing activities</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT COLOR="#ffffff">(52,977,729)&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT COLOR="#ffffff">(53,931,729)&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash flows from (used
in) financing activities</B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Payments for changes in ownership interests in subsidiaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">14&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">(4,032,074)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Proceeds from long-term loans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">11,152,745&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Proceeds from short-term loans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">12,519,685&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,160,118&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total amount from loans</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>23,672,430&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,160,118&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Loan payments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(11,590,221)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Payments of finance lease liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(740,330)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(786,269)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Dividends paid</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(63,725,670)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(65,653,925)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other cash movements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(1,573,284)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,620,395)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Net cash flows from (used in) financing activities</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT COLOR="#ffffff">(57,989,149)&nbsp;</FONT></B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT COLOR="#ffffff">(45,900,471)&nbsp;</FONT></B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Net Increase (Decrease) in cash and cash equivalents, before the effect of changes in exchange
rate</FONT></B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT COLOR="#ffffff">(35,883,821)&nbsp;</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT
 COLOR="#ffffff">(39,872,520)&nbsp;</FONT></B></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Effects of changes in exchange rates on cash and cash equivalents</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT
 COLOR="#ffffff">(626,946)&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT COLOR="#ffffff">(157,432)&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Cash and cash equivalents, initial balance</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">102,337,275&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">178,065,758&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Cash and cash equivalents, final balance</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">14</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">65,826,508&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">138,035,806&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 9 </P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The accompanying notes 1 to 37 are an
integral part of these interim consolidated financial statements. </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD WIDTH="31%"></TD></TR>


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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June&nbsp;30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_6"></A>Note 1 General Information </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A. (CCU, or the Company or the Parent Company) was incorporated in Chile as an open stock company, and
it is registered in the Securities Record of the Superintendencia de Valores y Seguros de Chile (Local Superintendence of Equity Securities, SVS) under N&deg; 0007, consequently, the Company is subject to Regulation by the SVS. The Company&#146;s
shares are quoted in Chile on the Santiago Stock Exchange, Electronic Stock Exchange and Valpara&iacute;so Stock Exchange. The Company is also registered with the United States of America Securities and Exchange Commission (SEC) and it quotes its
American Depositary Shares (ADS) on the New York Stock Exchange (NYSE). There was an amendment to the Deposit Agreement dated December&nbsp;3, 2012, between the Company, JP Morgan Chase Bank, NA and all holders of ADRs. According to this Amendment,
there was an ADS ratio change from 1 ADS to 5 common shares to a new ratio of 1 ADS to 2 common shares. There was no change to CCU&#146;s underlying ordinary shares. This action was effective on December&nbsp;20, 2012, date against which
shareholders&#146; ownership was measured for the action was December&nbsp;14, 2012. Existing ADRs continued to be valid with the amended number of shares and were not exchanged for new ADRs. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Through its subsidiaries, CCU produces, bottles, sells and distributes beverages. It is a multi-category company that participates in businesses such as
beer, wine, spirits, cider and non-alcoholic beverages, such as soft drinks, juices and waters. In the beer business it participates in the Chilean and Argentine markets, as well as in the wine business, where it exports to over 86 countries.
Argentina is also involved in the business of cider and in Uruguay in the waters and soft drinks business. In the rest of the businesses the Company participates only in the Chilean market. Additionally, through the joint business Foods
Compa&ntilde;&iacute;a de Alimentos CCU S.A. (Foods) it participates in the ready-to-eat market. CCU, either directly or through its subsidiaries, sells goods or provides services to other business units such as plastic bottles and caps, shared
services management, logistics, distribution of finished products and marketing services. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company is the largest producer, bottler and
distributor of beer in Chile. CCU&#146;s beer production and distribution includes a wide range of brands in the super premium, premium, mainstream as well as popular-priced segments, which are marketed under seven proprietary brands (or brand
extensions) and four licensed brands. In domestic market, its portfolio of brands in the beer category consist among others Cristal, Cristal Light, Cristal Cero, Escudo, Escudo Negra, Kunstmann, Austral, Dolbeck, Royal Guard, Royal Light, Morenita,
Dorada and Lemon Stones. The primary brand distributed and/or produced under license is Heineken. In Chile, the Company is the exclusive distributor of Budweiser beer. Beer manufacturing in Chile is carried out at our Santiago, Temuco and Valdivia
plants. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company is the second largest beer producer in the Argentine market, with three production facilities in the cities of Salta, Santa Fe
and Luj&aacute;n. In Argentina the Company produces and/or distributes Heineken, Budweiser, Armstel and Otro Mundo beer under license, as well as proprietary brands, such as Schneider, Salta, Santa Fe, C&oacute;rdoba, Imperial, Bieckert and Palermo,
among others. The Company also imports and distributes, among others, beers Bierra Moretti, Negra Modelo, Corona, Guinness and Kunstmann. Additionally, exports beer to different countries in the region mainly under Schneider, Heineken and Budweiser
brands. Besides, participates in the cider business, taking control of Saenz Briones and Sidra La Victoria. In these categories, its portfolio brands are Real, La Victoria, Saenz Briones 1888 and Apple Storm ciders, among others. Also participates
in the spirits business, which is marketed under the brand El Abuelo. In addition, the Company entered into the business of distribution of Heineken beer in Paraguay. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In Uruguay, the Company participates in the mineral waters and soft drinks business with Native and Nix brand, respectively. In addition, it sells beers
imported from Argentina under Heineken brand. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company is also a wine and sparkling producer in Chile, through its subsidiary Vi&ntilde;a San
Pedro Tarapac&aacute; S.A. (&#147;VSPT&#148;), the second largest wine exporter in Chile, and is among the third largest winery in the domestic market. Its main brands are Cabo de Hornos, Tierras Moradas, &#147;1865&#148;, Castillo de Molina,
Kankana del Elqui, 35 Sur, Gato, Gato Negro, Las Encinas, Urmeneta, Manquehuito, Alta&iuml;r, Sideral, Supremo, La Celia, La Consulta, Leyda, the portfolio of Vi&ntilde;a Santa Helena S.A. which includes &#147;Cuatro Estaciones&#148; formed by
Vernus, Notas de Guarda and D.O.N. (De Origen Noble), which add to Selecci&oacute;n del Directorio, Santa Helena Reserva, Parras Viejas, Siglo de Oro and Gran Vino. The brands&#146;s portfolio acquired via merger of Vi&ntilde;a Tarapac&aacute; ex
Zavala S.A., includes: Gran Tarapac&aacute;, Tarapac&aacute; Reserva, Le&oacute;n de Tarapac&aacute;, Tarapac&aacute; Plus, Tara Pakay, Etiqueta Negra, Gran Reserva, Zavala, Misiones de Rengo, Vi&ntilde;a Mar, Casa Rivas and Tamar&iacute;, among
others. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 10 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TD WIDTH="33%"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


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</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company, through its subsidiary Embotelladora Chilenas Unidas S.A. (&#147;ECUSA&#148;) is one of the
largest non-alcoholic beverage producers in Chile, including soft drinks, mineral and purified water, juices, teas and sports and energy drinks. It is bottler and distributor in Chile of its proprietary brands and of brands produced under license.
The proprietary brands include soft drinks Bilz, Bilz Light, Pap, Pap Light, Kem, Kem Xtreme, Ken Extreme Girl, Nobis, and the mineral waters Cachantun, Cachantun Light, Cachantun M&aacute;s and Porvenir operated by our subsidiary Aguas
CCU-Nestl&eacute; Chile S.A. and related to the HOD category, the Company has the Manantial brand, operated by our subsidiary Manantial S.A. In the case of brand produced under license agreements include PepsiCo (Pepsi, Seven Up, Lipton Tea,
Gatorade and Sobre Adrenalin Rush), Schweppes Holding Limited (Orange Crush, Canada Dry Lim&oacute;n Soda, Ginger Ale and Agua T&oacute;nica), Nestl&eacute; S.A. (Nestl&eacute; Pure Life and Perrier) and Promarca (Watts). The Company&#146;s soft
drinks, purified waters and nectar products are produced at their facilities located in Santiago and only soft drinks in Antofagasta; its mineral waters are bottled at their plants in the central region of the country in Coinco and Casablanca. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company, through its subsidiary Compa&ntilde;&iacute;a Pisquera de Chile S.A. (&#147;CPCh&#148;), is one of the largest pisco producers in Chile, and
also participates in the rum and ready-to-drink cocktail businesses. Company-owned brands include in pisco category: Control, Mistral, Ruta, La Serena, Campanario and their respective extensions Tres Erres and Horc&oacute;n Quemado. In addition, the
Company has the exclusive license to produce and market in Chile the Pisco Bauz&aacute; brand. In rum category Company-owned brands Sierra Morena and their extensions and Cabo Viejo. The Company has the Fehrenberg brand and is exclusive distributor
in Chile of Pernod Ricard&#146;s products including the brands Havana Club, Chivas Regal, Absolut Vodka and Ballantine&#146;s, among others. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In the
business of sweet snacks in Chile, different products are produced under the brands Calaf, including the Duetto brand and others under which some cookies are made. In addition, the Company has other specific brands for each product line. The joint
ventures in Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A. (&#147;Foods&#148;) also owns Natur brand and participates in the Nutrabien brand. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The detail of the described licenses appears below: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="23%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Main brands under license</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Licenses</FONT></B></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Validity Date</FONT></B></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt">&nbsp;</P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Watt&#146;s rigid packaging, except carton</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Indefinite</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Pisco Bauz&aacute;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Indefinite</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Budweiser for Argentina and Uruguay</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">December 2025</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Heineken for Chile and Argentina (1)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">10 years renewable</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Heineken for Paraguay (2)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 2022</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Pepsi, Seven Up and T&eacute; Lipton</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">March 2020</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Crush, Canada Dry (Ginger Ale, Agua T&oacute;nica and Lim&oacute;n Soda)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">December 2018</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Budweiser for Chile</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">December 2015</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Austral</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 2014</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gatorade (3)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">March 2015</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Negra Modelo and Corona for Argentina</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">December 2014</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Nestl&eacute; Pure Life (4)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">December 2017</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(1) License for 10 years, renewable every year, for a period of 10 years automatically, under identical conditions
(Rolling Contract), unless notice of non-renewal. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(2) License 10 years, renewable automatically, under identical conditions, for a period of 5 years,
unless notice of non-renewal. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(3) Renewable License for 2 or 3 year period, subject to compliance with contractual conditions. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(4) Renewable License for periods of five years, subject to compliance with contractual conditions. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company&#146;s address and main office is located in Santiago, Chile, at Avenida Vitacura N&deg; 2670, Las Condes district and its tax identification
number (Rut) is 90,413,000-1. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 11 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013 the Company had a total of 6,646 employees according to the following detail:
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Number&nbsp;of&nbsp;employees&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Parent&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Company&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Consolidated&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Main Executives</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">261</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Professionals and Techniciens</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">285</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,751</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Workers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,634</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">420</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">6,646</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A. is under the control of Inversiones y Rentas S.A. (IRSA), which is
the direct and indirect owner of 66.1% of the Company shares. IRSA is currently a joint venture between Qui&ntilde;enco S.A. and Heineken Chile Limitada, a company controlled by Heineken Americas B.V, each with a 50% equity participation. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The interim consolidated financial statements include the following direct and indirect significant subsidiaries where the percentage of participation
represents the economic interests at the consolidated level: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Subsidiary</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Tax ID&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Country&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">of origin&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Functional&nbsp;&nbsp;<BR>currency&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="13" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Share percentage direct and indirect</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of&nbsp;<BR>December&nbsp;31,&nbsp;<BR>2012&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Direct</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Indirect</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cervecera CCU Chile Ltda.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>96,989,120-4&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.7500</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">0.2499</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9999</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99.9999</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Embotelladoras Chilenas Unidas S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>99,501,760-1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean&nbsp;peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">96.8291</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">3.1124</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9415</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99.9415</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">C&iacute;a. Cervecer&iacute;as Unidas Argentina S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>0-E</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Argentina</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Argentine&nbsp;peso&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9907</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9907</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99.9907</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Vi&ntilde;a San Pedro Tarapac&aacute; S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>91,041,000-8</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">63.4882</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">63.4882</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60.4321</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Pisquera de Chile S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>99,586,280-8</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">46.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">34.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">80.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Transportes CCU Limitada</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>79,862,750-3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">98.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">2.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">100.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Investments Limited</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>0-E</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Cayman&nbsp;Island</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9999</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">0.0001</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">100.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Inversiones INVEX DOS CCU Limitada</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>76,126,311-0</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">0.9997</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9997</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99.9997</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CRECCU S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>76,041,227-9</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9602</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">0.0398</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">100.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">F&aacute;brica de Envases Pl&aacute;sticos S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>86,150,200-7</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">90.9100</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">9.0866</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9966</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99.9966</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Southern Breweries Establishment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP>0-E</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Vaduz-</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">Liechtenstein</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#ccffcc" ALIGN="right">50.0000</TD>
<TD NOWRAP VALIGN="middle" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#ccffcc" ALIGN="right">49.9950</TD>
<TD NOWRAP VALIGN="middle" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#ccffcc" ALIGN="right">99.9950</TD>
<TD NOWRAP VALIGN="middle" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">99.9950</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Comercial CCU S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>99,554,560-8</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">50.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">49.9862</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9862</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99.9862</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Inversiones S.A. (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>76,593,550-4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">98.8396</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">1.1328</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9724</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99.9724</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Millahue S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>91,022,000-4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9621</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9621</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99.9621</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Aguas CCU-Nestl&eacute; Chile S.A. (2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>76,003,431-2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">50.0707</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">50.0707</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50.0707</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Cervecera Kunstmann S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>96,981,310-6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">50.0007</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">50.0007</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50.0007</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Inversiones II Limitada</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>In process</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">80.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">20.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">100.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Inversiones Invex CCU TRES Limitada</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #ffffff">76,248,389-0</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">Chile</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc" ALIGN="right">99.0000</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc" ALIGN="right">1.0000</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc" ALIGN="right">100.0000</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">100.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In addition to the table presented above, below are the percentages of participation with voting rights, in each of the
subsidiaries as of June&nbsp;30, 2013 and December&nbsp;31, 2012, respectively. Each shareholder has one vote per share which he owns or represents. The percentage of participation with voting rights represents the sum of the direct participation
and indirect participation via subsidiary. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 12 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Subsidiary</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Tax ID&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Country
of&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">origin&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Functional&nbsp;&nbsp;<BR>currency&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Share
percentage with</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">voting rights</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As&nbsp;of</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;June&nbsp;30,&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2013</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As of&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">December&nbsp;31,&nbsp;<BR>2012&nbsp;</FONT></B></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">%</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">%&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cervecera CCU Chile Ltda.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="white-space:nowrap">96,989,120-4&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">100.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Embotelladoras Chilenas Unidas S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>99,501,760-1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9426</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99.9426</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">C&iacute;a. Cervecer&iacute;as Unidas Argentina S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>0-E</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Argentina</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Argentine&nbsp;peso&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">100.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Vi&ntilde;a San Pedro Tarapac&aacute; S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>91,041,000-8</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">63.5057</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60.4488</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Pisquera de Chile S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>99,586,280-8</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">80.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Transportes CCU Limitada</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>79,862,750-3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">100.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Investments Limited</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>0-E</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Cayman&nbsp;Island</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">100.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Inversiones INVEX DOS CCU Limitada</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>76,126,311-0</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">100.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CRECCU S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>76,041,227-9</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">100.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">F&aacute;brica de Envases Pl&aacute;sticos S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>86,150,200-7</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">100.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Southern Breweries Establishment</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>0-E</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="white-space:nowrap">Vaduz-Liechtenstein</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">100.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Comercial CCU S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>99,554,560-8</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">100.0000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.0000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Inversiones S.A. (1)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>76,593,550-4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9729</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99.9729</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Millahue S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>91,022,000-4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9621</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99.9621</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Aguas CCU-Nestl&eacute; Chile S.A. (2)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>76,003,431-2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">50.1000</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50.1000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Cervecera Kunstmann S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>96,981,310-6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">50.0007</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50.0007</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Inversiones II Limitada</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>In process</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">99.9945</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99.9945</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Inversiones Invex CCU TRES Limitada</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #ffffff">76,248,389-0</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #ffffff">Chile</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #ffffff">Chilean peso</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc" ALIGN="right">99.9997</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">99.9997</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As explained in <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note
8</FONT></I></B><FONT STYLE="font-family:ARIAL">, the Company acquired 100% of shares of Marzurel S.A., Milotur S.A. and Coralina S.A., which are Uruguayan companies and develop the mineral waters and soft drinks business in that country.
</FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As explained in <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note 4</FONT></I></B><FONT STYLE="font-family:ARIAL">, during 2012, the
Company adopted the early application of International Financial Reporting Standards (IFRS) N&deg; 11 Joint Arrangements, for which the investments held in joint arrangements in Promarca S.A. and Compa&ntilde;&iacute;a Pisquera Bauz&aacute; S.A.,
with a participation of 50% and 49%, respectively, changed from the equity method accounting to accounting for assets and liabilities in respect of its interest in a joint operation. On January&nbsp;1, 2010, the Company derecognized the investment
that was previously accounted for using the equity method and any other items that formed part of the entity&#146;s net investment in the arrangement and recognized its share of each of the assets and the liabilities in respect of its interest in
the joint operation (<B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">See note 2.28</FONT></I></B><FONT STYLE="font-family:ARIAL">). </FONT></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Below we briefly describe the companies that qualify as joint operations: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>(a)&nbsp;&nbsp;Promarca S.A. </I></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Promarca S.A. is a closed stock company with its main activity being the acquisition, development and administration of trademarks and their
corresponding licenses to their operators. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">At June&nbsp;30, 2013, Promarca S.A. recorded a profit of ThCh$ 2,087,678 (ThCh$ 3,976,944 at
December&nbsp;31, 2012 and ThCh$ 2,132,719 at June&nbsp;30, 2012), which in accordance with the Company&#146;s policies is 100% distributable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 13 </P>


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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>(b)&nbsp;&nbsp;Compa&ntilde;&iacute;a Pisquera Bauz&aacute; S.A. </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On December&nbsp;2, 2011, the subsidiary Compa&ntilde;&iacute;a Pisquera de Chile S.A. (CPCh) signed a license agreement for the commercialization and
distribution of the pisco brand Bauz&aacute; in Chile. In addition, this transaction included the acquisition by CPCh of 49% of Compa&ntilde;&iacute;a Pisquera Bauz&aacute; S.A. (CPB), owner of the brand Bauz&aacute; in Chile. The family
Bauz&aacute; owns 51% of that company and all of its productive assets, thereby continuing the link to the production of pisco Bauz&aacute; maintaining its quality, origin and premium character. The total cost of this transaction as of
December&nbsp;31, 2011, was ThCh$ 4,721,741. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">At June&nbsp;30, 2013, CPB recorded a profit of ThCh$ 55,530 (ThCh$ 85,140 at December&nbsp;31, 2012
and ThCh$ 61,112 at June&nbsp;30, 2012), which in accordance with the Company&#146;s policies is 100% distributable. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The companies mentioned above
meet the conditions stipulated in IFRS 11 to be considered &#147;joint operations&#148;, as the primary assets in both entities are trademarks, the contractual arrangements establishes that the parties to the joint arrangement share all interests in
the assets relating to the arrangement in a specified proportion and their income is 100% royalty charged to the joint operators from the sale of products using these trademarks. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The main movements in the ownership of the subsidiaries included in these interim consolidated financial statements are as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>(1)&nbsp;&nbsp;CCU Inversiones S.A. </I></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In September and November, 2012, the Company, through its subsidiary CCU Inversiones S.A., acquired an additional 10.4430% interest in Vi&ntilde;a San
Pedro Tarapac&aacute; S.A. for ThCh$ 12,521,899 increasing its ownership interest to 60.4488%. Subsequently, in June 2013, acquired an additional 3.0569% interest in Vi&ntilde;a San Pedro Tarapac&aacute; S.A. for ThCh$ 4,032,074. As the Company has
control of this subsidiary, the difference of ThCH$ 7,243,154 and ThCh$ 1,781,055 generated between purchase price and the equity method value was recorded under the item Other reserves in Equity in 2012 and 2013, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B>(2) Aguas CCU-Nestl&eacute; S.A. </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As explained in <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note 8</FONT></I></B><FONT STYLE="font-family:ARIAL">, on December&nbsp;24, 2012,
the Company, through the subsidiary Aguas CCU-Nestl&eacute; S.A., acquired 51% of shares of Manantial S.A. for ThCh$ 10,017,478. Manantial S.A. is a Chilean company that specializes in purified water in bottles for home and office, use through
dispensers referred to internationally as HOD (Home and Office Delivery). Subsequently, on June&nbsp;7, 2013, the Company proceeded to pay outstanding balance of ThCh$ 1,781,909. </FONT></P>
<P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_7"></A>Note 2&nbsp;&nbsp;Summary of significant accounting policies </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">&nbsp;Significant accounting policies adopted for the preparation of these consolidated financial statements are described below: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_8"></A>2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basis of preparation </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The accompanying interim consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS),
issued by the International Accounting Standard Board (IASB), which have been applied uniformly to the periods presented. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The interim consolidated
financial statements cover the following periods: Statement of Financial Position as of June&nbsp;30, 2013 and December&nbsp;31, 2012, Statement of changes in Equity, Statement of Income, Statement of Comprehensive Income and Statement of Cash Flow
for the six months ended as of June&nbsp;30, 2013 and 2012. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As explained in <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note
2.28</FONT></I></B><FONT STYLE="font-family:ARIAL">, reclassifications to the Interim Consolidated Financial Statements of June&nbsp;30, 2012 have been made. </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The amounts shown in the attached financial statements are expressed in thousands of Chilean pesos, which is the Company&#146;s functional currency. All
amounts have been rounded to thousand pesos, except when otherwise indicated. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 14 </P>


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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The interim consolidated financial statements have been prepared on the historical basis, as modified by
the revaluation of financial assets and financial liabilities (including derivative instruments) at fair value through profit and loss. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The
preparation of the interim consolidated financial statements in accordance with IFRS requires the use of certain critical accounting estimates. It also requires that management uses its professional judgment in the process of applying the
Company&#146;s accounting policies. See <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note 3</FONT></I></B><FONT STYLE="font-family:ARIAL"> for disclosure of significant accounting estimates and judgments. </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">At the date of issuance of these interim consolidated financial statements the following Amendments, Improvements and Interpretations to existing IFRS
standards have been published during the financial year 2013 and the Company has adopted and implemented as appropriate. These were made mandatory from the following dates: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">New Standard Improvements and Amendments</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Mandatory&nbsp;for&nbsp;years&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">beginning in:&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amendment IFRS 7</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Disclosures - Offsetting Financial Assets and Financial Liabilities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">January 1, 2013&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">IFRS 13</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Fair Value Measurement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">January 1, 2013&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amendment IAS 19</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Employee Benefits</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">January 1, 2013&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The adoption of these standards had no significant impact on the interim consolidated financial statements. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">At the date of issuance of these interim consolidated financial statements the following IFRS Amendments, Improvements and Interpretations to the
existing standards have been published, which are not yet effective and the Company has not adopted earlier application: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">New Standard Improvements and Amendments</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Mandatory&nbsp;for&nbsp;years&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">beginning in:&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amendment IAS 32</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Offsetting Financial Assets and Financial Liabilities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">January 1, 2014&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amendment&nbsp;NIIF&nbsp;10,&nbsp;12&nbsp;and&nbsp;IAS&nbsp;27</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Investment Entities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">January 1, 2014&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amendment IAS 36</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Impairment of assets&#146; on recoverable amount disclosures</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">January 1, 2014&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">IFRS 9</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Financial instruments: Classification and Measurement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">January 1, 2015&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company estimates that the adoption of the Standards, Amendments and Interpretations as described above will not have
a material impact on the interim consolidated financial statements upon initial application. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As explained in <B><I><FONT
STYLE="font-family:ARIAL" COLOR="#339966">Note 4 Accounting changes</FONT></I></B><FONT STYLE="font-family:ARIAL">, the Company has early adopted the following standards: </FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">New Standard Improvements and Amendments</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Mandatory&nbsp;for&nbsp;years&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">beginning in:</FONT></B></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">IFRS 10</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Consolidated Financial Statements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">January 1, 2013&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">IFRS 11</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Joint Arrangements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">January 1, 2013&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">IFRS 12</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Disclosure of Interests in Other Entities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">January 1, 2013&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amendment IAS 27</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Separate Financial Statements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">January 1, 2013&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Improvment IAS 28</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Investments in Associates and Joint Ventures</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">January 1, 2013&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amendment&nbsp;IFRS&nbsp;10,11&nbsp;and&nbsp;12</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Transition guidance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">January 1, 2013&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 15 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_9"></A>2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basis of consolidation
</I></B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Subsidiaries </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Subsidiaries are the entities over which the Company is empowered to direct financial and operational policies, which is generally the result of
ownership of over half the voting rights. Subsidiaries are consolidated as from the date on which control was obtained by the Company, and they are excluded from consolidation as of the date the Company loses such control. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The acquisition method is used for the accounting of acquisition of subsidiaries. The acquisition cost is the fair value of the assets delivered, of the
equity instruments issued and of the liabilities incurred or assumed as of the exchange date. The identifiable assets acquired, as well as the identifiable liabilities and contingencies assumed in a business combination are initially valued at their
fair value on the acquisition date, independently from the scope of minority interests. Goodwill is initially measured as the excess of the aggregate of the consideration transferred and the fair value of non-controlling interest over the net
identifiable assets acquired and liabilities assumed. If this consideration is lower than the fair value of the net assets of the subsidiary acquired, the difference is recognized as income. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Joint operations </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As
explained in <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note 4</FONT></I></B><FONT STYLE="font-family:ARIAL">, in those joint arrangements that qualify as joint operations, the Company recognises the assets, liabilities, gains (losses)
from operational activities respect of its interest in the joint operations in accordance with IFRS 11. </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Intercompany transaction
</I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Intercompany transactions, balances and unrealized gains from transactions between the Group&#146;s entities are eliminated during
consolidation. Unrealized losses are also eliminated, unless the transaction provides evidence of an impairment of the asset transferred. Whenever necessary, the subsidiaries&#146; accounting policies are amended to ensure uniformity with the
policies adopted by the Company. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Non-controlling Interest </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The non-controlling interest is presented in the Equity section of the Statement of Financial Position. The net income attributable to equity holder of
the parent and the non-controlling interest are each disclosed separately in the Consolidated Statement of Income after net income. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Investments accounted for by the equity method </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Joint ventures </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The
Company maintains investments in joint arrangements that qualify as joint ventures, which correspond to a contractual agreement by which two or more parties carry out an economic activity that is subject to joint control, and normally involves the
establishment of a separate entity in which each party has a share based on a shareholders&#146; agreement. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company accounts for its
participation in joint arrangement that qualify as joint ventures using the equity method. The financial statements of the joint ventures are prepared for the same year, under accounting policies consistent with those of the Company. Adjustments are
made to conform any difference in accounting policies that may exist to the Company&#146;s accounting policies. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Whenever the Company contributes or
sells assets to the companies under joint control, any part of the income or loss originated by the transaction is recognized based on how the asset is realized. Whenever the Company purchases assets of such companies, it does not recognize its
share in the income or loss of the joint venture as regards to such transaction until the asset is sold or realized by the joint venture. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 16 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_10"></A>2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial information as
per reportable segments </I></B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company has defined three reportable segments within which identified six operating segments, which are
formed by the assets and resources intended to supply products that are subject to risks and benefits different from those of other operating segments, and that normally correspond to subsidiaries that develop such business activities. Operating
Result of these segments is the total of the following IFRS performance measures: Earnings before Other Gains (Losses), Net Financial Expense, Equity and Income of Joint Venture, Foreign Currency Exchange Differences, Results as per Adjustment Units
and Income Taxes). ORBDA (Operating Result Before Depreciation and Amortization) by segments is regularly reviewed by the Board of Directors of the respective subsidiaries and by the Company&#146;s Board of Directors, in order to make decisions on
the resources to be allotted to the segments and to appraise their performance <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">(See Note 7).</FONT></I></B><FONT STYLE="font-family:ARIAL"> </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The segments performance is measured according to several indicators, of which Operating Result, ORBDA, ORBDA margin (ORBDA&#146;s % as compared to Net
sales of segment), the sales volumes and Net sales are the most important. Sales between segments are carried out at arm&#146;s length and net sales as per geographical location are based on the producing and selling entity&#146;s location. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_11"></A>2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign currency and unidad de fomento (Adjustment unit)
</I></B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Presentation and functional currency </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company uses the Chilean peso ($ or CLP) as its functional currency and for the presentation of its financial statements. The functional currency has
been determined considering the economic environment in which the Company carries out its operations and the currency in which the main cash flows are generated. The functional currency of the Argentine and Uruguayan subsidiaries is the Argentine
peso and Uruguayan peso, respectively. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Transactions and balances </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Transactions in foreign currencies and adjustment units (&#147;Unidad de Fomento&#148; or &#147;UF&#148;) are initially recorded at the exchange rate of
the corresponding currency or adjustment unit as of the date on which the transaction occurs. The Unidad de Fomento (UF) is a Chilean inflation-indexed peso-denominated monetary unit. The UF rate is set daily in advance based on changes in the
previous month&#146;s inflation rate. At the close of each Interim Consolidated Statement of Financial Position, the monetary assets and liabilities denominated in foreign currencies and adjustment units are translated into Chilean pesos at the
exchange rate of the corresponding currency or adjustment unit. The exchange difference arising, both from the liquidation of foreign currency transactions, as well as from the valuation of foreign currency monetary assets and liabilities, is
included in statement of income, in Foreign currency exchange differences, while the difference arising from the changes in adjustment units are recorded in the statement of income as result per adjustment units. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">For consolidation purposes, the assets and liabilities of the subsidiaries whose functional currency is different from the Chilean peso are translated
into Chilean pesos by using the exchange rates valid as of the date of the interim consolidated financial statements, and the exchange differences originated by the translation of the assets and liabilities are recorded in Equity Reserve, under the
Currency Translation Reserves item. The income and expense are translated at the monthly average exchange rate for the corresponding terms as differences since there have not been significant fluctuations in the exchange rates during each month.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 17 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The exchange rates of the primary foreign currencies and adjustment units used in the preparation of the
interim consolidated financial statements as of June&nbsp;30, 2013,&nbsp;December, 2012 and June&nbsp;30, 2012 are as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" COLSPAN="3" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Chilean Pesos as per unit of foreign currency or adjustable unit</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" NOWRAP STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;As of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;June&nbsp;30,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As of&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">December&nbsp;31,&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2012&nbsp;</FONT></B></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;As of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;June&nbsp;30,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" NOWRAP ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Foreign currencies</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">US Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">507.16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">479.96</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">501.84</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Euro</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">659.93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">634.45</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">635.08</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Argentine Peso</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">ARS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">94.13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">97.59</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">110.85</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Uruguayan Peso</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">UYU</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.01</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.12</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.65</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">CAD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482.83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482.27</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">492.97</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sterling Pound</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">GBP</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">771.23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">775.76</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">786.09</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Swiss Franc</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">CHF</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">536.96</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">525.52</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">528.75</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Australian Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">AUD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">464.13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">498.04</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">513.39</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Danish Krone</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">DKK</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">88.49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85.05</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85.43</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Japanese Yen</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">JPY</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.58</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.28</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Brazilian Real</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BRL</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">227.43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">234.98</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">250.08</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Adjustment units</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Unidad de fomento *</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">UF</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,852.67</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,840.75</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,627.36</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">* The Unidad de Fomento (UF) is a Chilean inflation-indexed, peso-denominated monetary unit. The UF rate is set daily in
advance based on changes in the previous month&#146;s inflation rate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_12"></A>2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents </I></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Cash and cash equivalents includes cash available, bank balances, time deposits at financial entities, investments in mutual funds and financial
instruments acquired under re-sale agreements, as well as short-term investments with a high liquidity, normally with an original maturity of up to three months. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT
 COLOR="#003300"><B><I><A NAME="fin581395_13"></A>2.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial instruments </I></B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Financial
assets </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company recognizes a financial asset in its Consolidated Statement of Financial Position according to the following: </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of the date of the initial recognition, Management classifies its financial assets (i)&nbsp;at fair value through profit and loss and
(ii)&nbsp;collectible credits and accounts, depending on the purpose for which the financial assets were acquired. For those instruments not classified at fair value through income, any cost attributable to the transaction is recognized as part of
the asset value. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The fair value of the instruments that are actively quoted in formal markets is determined by the quoted price as of the financial
statement closing date. For those investments without an active market, the fair value is determined using valuation technique including (i)&nbsp;the use of recent market transactions, (ii)&nbsp;references to the current market value of another
financial instrument of similar characteristics, (iii)&nbsp;discounted cash flow, and (iv)&nbsp;other valuation models. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">After the initial
recognition the Company values the financial assets as described below: </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Financial assets at fair value through profit and loss
</I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">These assets are valued at fair value and the income or losses originated by the fair value variation are recognized in the Interim
Consolidated Statement of Income. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The assets at fair value through profit and loss include financial assets classified as held for trading by the
Company. Financial assets are classified as held for trading when acquired with the purpose of selling them within a short term. Derivative instruments are classified as held for trading unless they are classified as hedge instruments. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 18 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Accounts receivable </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Accounts receivable correspond to financial assets with fixed or determinable payments that are not traded in an active market. Trade receivable credits
or accounts are recognized according to their invoice value. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Estimated losses from bad debts are determined by applying differentiated percentages,
taking into account maturity factors, until reaching 100% of the balance in most of the debts older than 180 days, with the exception of those cases that in accordance with current policies, losses are estimated due to partial deterioration based on
a case by case analysis. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Current trade receivable credits and accounts are initially recognized at their nominal value and are not discounted
because they do not differ significantly from their fair value. The Company has determined that the calculation of the amortized cost is not materially different from the invoiced amount because the transactions do not have significant associated
costs. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Financial liabilities </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company recognizes a financial liability in its Interim Consolidated Statement of Financial Position according to the following: </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Debts and financial liabilities that accrue interests </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Loans and financial obligations accruing interest are initially recognized at the fair value of the resources obtained, less costs incurred directly
attributable to the transaction. After initial recognition, loans and obligations accruing interest are valued at their amortized cost. The difference between the net amount received and the value to be paid is recognized in the Interim Consolidated
Statement of Income during the term of the loan, using the effective interest rate method. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Interest paid and accrued related to debts and
obligations used in a financing operations appear under financial expense. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Loans and obligations accruing interest with a maturity within twelve
month period are classified as current liabilities, unless the Company has the unconditional right to defer the payment of the obligation for at least a twelve month period after the financial statement closing date. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Trade accounts payable and other payables </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Accounts payable and other accounts payable are initially recognized at their nominal value because they do not differ significantly from fair value. The
Company has determined that no significant differences exist between the carrying value and amortized cost using the effective interest method. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Derivative Instruments </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">All derivative financial instruments are initially recognized as of the date of the agreement and subsequently revalued at their fair value as of the
date of the financial statements. Gains and losses resulting from fair value measurement are recorded in the Interim Statement of Income as gains or losses due to fair value of financial instruments, unless the derivative instrument qualifies is
designated, and is effective as a hedging instrument. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In order to classify a derivative as a hedging instrument for accounting purposes, the Company
documents (i)&nbsp;as of the transaction date or at designation time, the relationship or correlation between the hedging instrument and the hedged item, as well as the risk management purposes and strategies, (ii)&nbsp;the assessment, both at
designation date as well as on a continuing basis, whether the instrument used is effective to offset changes in fair value or in the cash flows of the hedged item. A hedge is considered effective when changes in the fair value or in the cash flows
of the underlying directly attributable to the risk hedged are offset with the changes in fair value, or in the cash flows of the hedging instrument with effectiveness between 80% to 125%. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Derivative instruments classified as hedges are accounted for as cash flow hedges. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 19 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The total fair value of hedging derivatives are classified as assets or financial liabilities in Other
non-current if the maturity of the hedged item is more than 12 months and as other assets or current liabilities if the remaining maturity of the hedged item is less than 12 months. The effect on results of these instruments can be viewed in Other
gains (losses) of the Interim Consolidated Statements of Income. The effective portion of the change in the fair value of derivative instruments that are designated and qualified as cash flow hedges are initially recognized in Cash Flow Hedge
Reserve in a separate component of Equity. The income or loss related to the ineffective portion is immediately recognized in the Interim Statement of Income. The amounts accumulated in Equity are reclassified in Income during the same period in
which the corresponding hedged item is reflected in the Interim Statement of Income. When a cash flow hedge ceases to comply with the hedge accounting criteria, any accumulated income or loss existing in Equity remains in Equity and is recognized
when the expected transaction is finally recognized in the Interim Statement of Income. When it is estimated that an expected transaction will not occur, the accumulated gain or loss recorded in Equity is immediately recognized in the Interim
Statement of Income. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Deposits for returns of bottles and containers </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Deposits for returns of bottles and containers corresponds to the liabilities registered by the guarantees of money received from customers for bottles
and containers placed at their disposal and represents the value that will be returned to the customer when it returns the bottles to the Company in good condition along with the original document. This value is determined by the estimation of the
bottles and containers in circulation that are expected to be returned to the Company in the course of time based on the historic experience, physical counts held by clients and independent studies over the quantities that are in the hands of end
consumers, valued at the average weighted guarantees for each type of bottles and containers. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company does not intend to make significant
repayment of these deposits within the next 12 months. However, from December 2012, such amounts are classified within current liabilities, under the line Other financial liabilities (<B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">See Note
2.28, letter a)</FONT></I></B><FONT STYLE="font-family:ARIAL">), since the Company does not have the legal ability to defer this payment for a period exceeding 12 months. This liability is not discounted, since it is considered a payable on sight,
with the original document and the return of the respective bottles and containers and it does not have adjustability or interest clauses of any kind in its origin. </FONT></P>
<P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_14"></A>2.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial asset impairment </I></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">At each financial statement date the Company assesses if a financial asset or financial group of assets is impaired. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company assesses impairment of accounts receivable collectively by grouping the financial assets according to similar risk characteristics, which
indicate the debtor&#146;s capacity to comply with their obligations under the agreed upon conditions. When there is objective evidence that a loss due to impairment has been incurred in the accounts receivable, the loss amount is recognized in the
Consolidated Statement of Income, as Administrative expenses. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In the event that during subsequent periods the impairment loss amount decreases and
such decrease may be objectively related to an event occurring after impairment recognition, the impairment loss previously recognized is reversed. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Any subsequent impairment reversal is recognized in Income provided that the book value of the asset does not exceed its value as of the date the
impairment was recognized. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_15"></A>2.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories </I></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Inventories are stated at the lower of cost acquisition or production cost and net realizable value. The production cost of finished products and of
products under processing includes raw material, direct labor, indirect manufacturing expenses based on a normal operational capacity and other costs incurred to place the products at the locations and in the conditions necessary for sale, net of
discounts attributable to inventories. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The net realizable value is the estimated sale price in the normal course of business, less marketing and
distribution expenses. When market conditions cause the production cost to be higher than its net realizable value, an allowance for assets deterioration is registered for the difference in value. This allowance for inventory deterioration also
includes amounts related to obsolete items due to low turnover, technical obsolescence and products withdrawn from the market. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The inventories and
cost of products sold, is determined using the Weighted Average Cost (WAC). The Company estimates that most of the inventories have a high turnover. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 20 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The materials and raw materials purchased from third parties are valued at their acquisition cost; once
used, they are incorporated in finished products using the WAC methodology. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Costs associated with agricultural activities (winery) are deferred up
to the harvest date, at which time they become part of inventory cost for subsequent processes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_16"></A>2.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other non-financial assets </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Other non-financial assets mainly include disbursements related to commercial advertising preparation that is in process but has not yet been shown,
advances to property, plant and equipment to suppliers and current and non-current advertising agreements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_17"></A>2.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property, plant and equipment </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Property, plant and equipment are recorded at their historic cost, less accumulated depreciation and impairment losses. The cost includes both the
disbursements directly attributable to the asset acquisition or construction, as well as the financing interest directly related to certain qualified assets, which are capitalized during the construction or acquisition period, as long as these
assets qualify for these purposes considering the period necessary to complete and prepare the assets to be operative. Disbursements after the purchase or acquisition are only capitalized when it is likely that the future economic benefits
associated to the investment flow towards the Company, and costs may be reasonably measured. Subsequent disbursements related to repairs and maintenance are recorded as expense when incurred. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Property, plant and equipment depreciation, including the assets under financial lease, is calculated on a straight line basis over the estimated useful
life of the fixed assets, taking into account their estimated residual value. When an asset is formed by significant components with different useful lives, each part is separately depreciated. Property, plant and equipment useful lives and residual
values estimates are reviewed and adjusted at each financial statement closing date, if necessary. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Property, plant and equipment estimated useful
lives are as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="42%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" COLSPAN="3" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Type of
Assets</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;Number&nbsp;of&nbsp;years&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Land</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Indefinite&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Buildings and construction</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">20 to 60&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Machinery and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">10 to 25&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Furniture and accesories</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">5 to 10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Other equipment (coolers and mayolicas)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">5 to 8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Bottles and containers</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3 to 12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Gain and losses resulting from the sale of properties, plants and equipment are calculated comparing their book values
against the related sales proceeds and are included in the Interim Consolidated Statement of Income. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">When the book value of an item of Property,
plant and equipment exceeds its recoverable amount, it is immediately reduced to its recoverable amount <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">(See Note 2.16).</FONT></I></B><FONT STYLE="font-family:ARIAL"> </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_18"></A>2.11&nbsp;&nbsp;&nbsp;&nbsp;Leases </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Lease agreements are classified as financial leases when the agreement transfers to the Company substantially all the risks and rewards inherent to the
asset ownership, according to International Accounting Standard No.&nbsp;17 &#147;Leases&#148;. For those agreements that qualify as financial leases, at the initial date an asset and a liability are recognized at a value equivalent to the lower of
the fair value of the asset and the present value of future lease payments. Subsequently, lease payments are allocated between the financial expense and the obligation reduction, so that a constant interest rate on the obligation balance is
obtained. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Lease agreements that do not qualify as financial leases are classified as operating leases. Lease payments of operating leases are
charged to income on a straight line basis over the life of the lease. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 21 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_19"></A>2.12&nbsp;&nbsp;&nbsp;&nbsp;Investment property
</I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Investment property consists of land held by the Company with the purpose of generating appreciation and are not used in the normal
course of business, and are recorded at historic cost less impairment loss, if any. Investment property depreciation is calculated on a straight line basis over the estimated useful life of such property, taking into account the estimated residual
value of such property. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_20"></A>2.13&nbsp;&nbsp;&nbsp;&nbsp;Biological assets </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Biological assets held by Vi&ntilde;a San Pedro Tarapac&aacute; S.A. (VSPT or the Company) and its subsidiaries consist of vines under formation and
under production. The harvested grapes are used for the later production of wines. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Vines under production are valued at the historic cost, less
depreciation and any impairment loss. Agricultural production (grapes) resulting from the vines under production is valued at its cost value when harvested. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Depreciation of under production vines is recorded on a straight-line basis based on the 25-years estimated production useful life, which is periodically
assessed. Vines under formation are not depreciated until they start production. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Costs incurred in acquiring and planting new vines are capitalized.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company uses the amortized historical cost to value its biological assets, on the basis that management considers that it represents a
reasonable approximation of fair value. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_21"></A>2.14&nbsp;&nbsp;&nbsp;&nbsp;Intangible assets other than goodwill
</I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Commercial Trademarks </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company&#146;s commercial trademarks correspond to intangible assets with an indefinite useful life that are presented at their historic cost, less
any impairment loss. The Company believes that through marketing investments trademarks maintain their value, consequently they are considered as having an indefinite useful life and they are not amortizable. Such assets are subject to impairment
tests on a yearly basis, or when factors exist indicating a likely loss of value <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">(Note 2.16).</FONT></I></B><FONT STYLE="font-family:ARIAL"> </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Software Program </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Software
Program licenses acquired are capitalized at the value of the costs incurred for their acquisition and preparation for the use of the specific programs. Such costs are amortized over their estimated useful lives (4 to 7 years). The maintenance costs
of the software programs are recognized as expense in the year during which they are incurred. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Research and development
</I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Research and development expenses are recognized in the period incurred. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Water Rights </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Water Rights
acquired by the Company correspond to the existing exploitation rights of water from natural sources, and they are recorded at their attributed cost as of the transition date to IFRS. Given that such rights are perpetual they are not amortizable,
nevertheless they are annually subject to impairment assessment, or when factors exist that indicate a likely loss of value <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">(See Note 2.16)</FONT></I></B><FONT STYLE="font-family:ARIAL"><I>.</I>
</FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 22 </P>


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<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_22"></A>2.15&nbsp;&nbsp;&nbsp;&nbsp;Goodwill </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Goodwill represents the excess of cost of a business combination over the Company&#146;s share in the fair value of identifiable assets, liabilities and
contingent liabilities as of the acquisition date, and is accounted for at its cost value less accumulated impairment losses. Goodwill related to joint venture acquisitions is included in the investment accounting value. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">For the purposes of impairment tests, goodwill is assigned Cash Generating Units (CGU) that are expected to benefit from the synergies of a business
combination. Each unit or group of units (CGU - <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">See Note 21)</FONT></I></B><FONT STYLE="font-family:ARIAL"> represents the lowest level inside the Company at which goodwill is monitored for
internal administration purposes, which is not larger than a business segment. The cash generating units to which the goodwill is assigned are tested for impairment annually or with a higher frequency, when there are signs indicating that a cash
generating unit could experience impairment or some of the significant market conditions have changed. </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Goodwill in the acquisition of joint
ventures is assessed for impairment as part of the investment, provided that there are signs indicating that the investment may be impaired. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">An
impairment loss is recognized for the amount that the book value of the cash generating unit exceeds its recoverable value, the recoverable value being the higher of the fair value of the cash generating unit, less costs to sell and its value in
use. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">An impairment loss is first assigned in goodwill to reduce its book value, and then to other assets in the cash generating unit. A recognized
impairment loss is not reversed in the following years. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_23"></A>2.16&nbsp;&nbsp;&nbsp;&nbsp;Impairment of
non-financial assets other than goodwill </I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company annually assesses the existence of impairment indicators on non-financial
assets. When indicators exist, the Company estimates the recoverable amount of the impaired asset. In case it is not possible to estimate the recoverable amount of the impaired asset at an individual level, the Company estimates the recoverable
amount of the cash generating unit to which the asset belongs. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">For indefinite useful life intangible assets, which are not amortized, are performed
the necessary tests, to ensure that the carrying amount does not exceed recoverable value. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The recoverable amount is defined as the higher of the
fair value, less cost to sell and the value in use. The value in use is determined by estimating future cash flows associated with the asset or with the cash generating unit, discounted from its current value by using interest rates before taxes,
which reflect the time value of money and the specific risks of the asset. In the event the asset book value exceeds its recoverable amount, the Company records an impairment loss in the Statement of Income. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">For other non-financial assets different than goodwill and intangibles with indefinite useful life, the Company annually assesses the existence of
impairment indicators on non-financial assets whenever some event or change in business circumstances indicate that the book value of the asset may not be recoverable and impairment is recognised a loss when the book value is higher than its
recoverable value. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company annually assesses if impairment indicators of non-financial assets for which impairment losses were recorded during
prior years have disappeared or decreased. In the event of such situation, the recoverable amount of the specific asset is recalculated and its book value increased, if necessary. Such increase is recognized in the Statement of Income as reversal of
impairment losses. The increase in the value of the previously impaired asset is recognized only when it is originated by changes in the assumptions used to calculate the recoverable amount. The asset amount increase resulting from the reversal of
the impairment loss is limited to the amount that would have been recorded had impairment not occurred. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 23 </P>


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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_24"></A>2.17&nbsp;&nbsp;&nbsp;&nbsp;Assets of a disposal group held for
sale </I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Property, plant and equipment expected to be recovered primarily through sale rather than through continuing use, for which
active sale negotiations have begun and it is estimated that they will be sold within twelve months following the closing date are classified as assets of a disposal group held for sale. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">These assets are measured at the lower of their book value and the estimated fair value, less costs to sell. From the moment in which the assets are
classified as assets of a disposal group held for sale they are no longer depreciated. </P>
<P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_25"></A>2.18&nbsp;&nbsp;&nbsp;&nbsp;Income tax and deferred taxes </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Income tax is composed by the legal obligations and the deferred taxes recognized according to International Accounting Standard N&deg; 12 &#150; Income
Taxes. Income tax is recognized in the Interim Statement of Income, except when it is related to entries directly recorded in Equity, in which case the tax effect is also recognized in Equity. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Income Tax Obligation </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Income tax obligations are recognized in the financial statements on the basis of the best estimates of the taxable profits as of the financial statement
closing date, and the income tax rate valid as of that date in the countries where the Company operates, which are Chile and Argentina. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Deferred Tax </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Deferred
taxes are those the Company expects to pay or to recover in the future, due to temporary differences between the book value of assets and liabilities (carrying amount for financial reporting purposes) and the corresponding tax basis of such assets
and liabilities used to determine the profits subject to taxes. Deferred tax assets and liabilities are generally recognized for all temporary differences, and they are calculated at the rates that will be valid on the date the liabilities are paid
or the assets realized. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Deferred tax is recognized for temporary differences arising from investments in subsidiaries and associates, except in
those cases where the Company is able to control the date on which temporary differences will be reversed, and it is likely that they will not be reverted in the foreseeable future. Deferred tax assets, including those originated by tax losses are
recognized provided it is likely that in the future there are taxable profits against which deductible temporary differences may be charged. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Deferred tax assets and liabilities are offset when there is a legal right to offset tax assets against tax liabilities, and the deferred tax is related
to the same taxable entity and the same taxing authority. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_26"></A>2.19&nbsp;&nbsp;&nbsp;&nbsp;Employees benefits
</I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Employees Vacation </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company accrues the expense associated with staff vacation when the employee earns the benefit. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Employees Bonuses </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The
Company recognizes a liability and an expense for bonuses when it&#146;s contractually obligated, it is estimated that, depending on the income requirement at a given date, bonuses will be paid out at the end of the year. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 24 </P>


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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Severance Indemnity </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company recognizes a liability for the payment of irrevocable severance indemnities, originated from the collective and individual agreements entered
into with employees. Such obligation is determined based on the actuarial value of the accrued cost of the benefit, a method which considers several factors in the calculation, such as estimates of future continuance, mortality rates, future salary
increases and discount rates. The determined value is shown at its present value by using the accrued benefits for years of service method. The discount rates are determined by reference to market interest rates curves. The current losses and gains
are directly recorded in Income. Until December&nbsp;31, 2012, the actuarial gains and losses originated by the valuation of the liabilities subject to such plans, was recorded directly in the Consolidated Statement of Income. Beginning
January&nbsp;1, 2013, due to amendment IAS 19, the actuarial gains and losses are recognised directly in Other Comprehensive Income, under Equity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT
 COLOR="#003300"><B><I><A NAME="fin581395_27"></A>2.20&nbsp;&nbsp;&nbsp;&nbsp;Provisions </I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Provisions are recognized when: (i)&nbsp;the
Company has a current obligation, legal or implicit, as a result of past events, (ii)&nbsp;it is probable that monetary resources will be required to settle the obligation and (iii)&nbsp;the amounts can be reasonably established. The amounts
recognized as provisions as of financial statements closing date, are Management&acute;s best estimates, and consider the necessary disbursements to liquidate the obligation. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The concepts by which the Company establishes provisions against Income correspond to civil, labour and taxation proceedings that could affect the
Company <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>(See Note 29)</I></B></FONT><FONT STYLE="font-family:ARIAL">. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_28">
</A>2.21&nbsp;&nbsp;&nbsp;&nbsp;Revenue recognition </I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Revenues are recognized when it is likely that economic benefits flow to the
Company and can be measured reliably. Income is measured at the fair value of the economic benefits received or to be received, and they are presented net of valued added taxes, specific taxes, returns, discounts and rebates. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Sales of goods are recognized after the Company has transferred to buyer all the risks and benefits inherent in the ownership of such goods, and it does
not hold the right to dispose of them; in general, this means that sales are recorded at the transfer of risks and benefits to clients, pursuant to the terms agreed in the commercial agreements. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Sale of products in the domestic market </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company obtains its revenues, both in Chile and Argentina, mainly from the sales of beers, soft drinks, mineral waters, purified water, juices,
wines, cider and spirits, products that are distributed through retail establishments, wholesale distributors and supermarket chains. None of which act as commercial agents of the Company. Such revenues in the domestic markets, net of the value
added tax, specific taxes, returns, discounts and rebates to clients, are recognized when products are delivered, together with the transfer of all risks and benefits related to them. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Exports </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In general, the
Company&acute;s delivery conditions for sale are the basis for revenue recognition related to exports. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The structure of revenue recognition is based
on the grouping of Incoterms, mainly in the following groups: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">&#147;FOB (Free on Board) shipping point&#148;, by which buyer organizes and pays for transportation, consequently the sales occur and revenue is recognized
upon the delivery of merchandise to the transporter hired by buyer. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">&#147;CIF (Cost, Insurance&nbsp;&amp; Freight) and similar&#148;, by which the Company organizes and pays for external transportation and some other expenses,
although CCU ceases being responsible for the merchandise after delivering it to the maritime or air company in accordance with the relevant terms. The sales occur and revenue is recognized upon the delivery of the merchandise at the port of
destination. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In the event of discrepancies between the commercial agreements and delivery conditions those established in the
agreements shall prevail. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 25 </P>


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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_29"></A>2.22&nbsp;&nbsp;&nbsp;&nbsp;Commercial agreements with
distributors and supermarket chains </I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company enters into commercial agreements with its clients, distributors and supermarkets
through which they establish: (i)&nbsp;volume discounts and other client variables, (ii)&nbsp;promotional discounts that correspond to an additional rebate on the price of the products sold by reason of commercial initiatives development (temporary
promotions), (iii)&nbsp;services payment and rendering of counter-services (advertising and promotion agreements, use of preferential spaces and others) and (iv)&nbsp;shared advertising, which corresponds to the Company&#146;s participation in
advertising campaigns, promotion magazines and opening of new sales locations. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Volume discounts and promotional discounts are recognized as a
reduction in the sales price of the products sold. Shared advertising contributions are recognized when the advertising activities agreed upon with the distributor have been carried out, and they are recorded as marketing expenses incurred, under
Other expenses by function. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The commitments with distributors or importers in the exports area are recognized on the basis of existing trade
agreements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_30"></A>2.23&nbsp;&nbsp;&nbsp;&nbsp;Cost of sales of products </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The costs of sales include the production cost of the products sold and other costs incurred to place inventories in the locations and under the
conditions necessary for the sale. Such costs mainly include raw material costs, packing costs, production staff labour costs, production-related assets depreciation, returnable bottles depreciation, license payments, operational costs and plant and
equipment maintenance costs. </P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_31"></A>2.24&nbsp;&nbsp;&nbsp;&nbsp;Other expenses by function </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Other expenses by function include, mainly advertising and promotion expenses, depreciation of assets sold, selling expenses, marketing costs (sets,
signs, neon signs at client&#146;s facilities) and marketing and sales staff remuneration and compensations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_32"></A>2.25&nbsp;&nbsp;&nbsp;&nbsp;Distribution expenses </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Distribution costs include all the necessary costs to deliver products to clients. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_33"></A>2.26&nbsp;&nbsp;&nbsp;&nbsp;Administration expenses </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Administration expenses include the support units staff remuneration and compensation, depreciation of offices, equipment, facilities and furniture used
for these functions, non-current assets amortization and other general and administration expenses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_34"></A>2.27&nbsp;&nbsp;&nbsp;&nbsp;Environment liabilities </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Environmental liabilities are recorded based on the current interpretation of environmental laws and regulations, or when an obligation is likely to
occur and the amount of such liability can be calculated reliably. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Disbursements related to environmental protection are charged to the Interim
Consolidated Statements of Income as incurred, except, investments in infrastructure designed to comply with environmental requirements, are recorded following the accounting policies for property, plant and equipment. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 26 </P>


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<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


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</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I><A NAME="fin581395_35"></A>2.28&nbsp;&nbsp;&nbsp;&nbsp;Adjustments to prior year financial
statements </I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Interim Consolidated Financial Statements presented for comparative purposes contain adjustments with respect to those
previously reported. Reclassifications listed below have not had significant effects in relation to relevant financial indicators required of the Company. The summary of these reclassifications are as follows: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits for return of bottles and containers </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD></TR>
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<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Previously&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;&nbsp;reported&nbsp;to&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<BR>&nbsp;&nbsp;&nbsp;&nbsp;06.30.2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Reclassifications&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Reported&nbsp;to&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;&nbsp;06.30.2012&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt" COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT STYLE="font-size:8pt" COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;Current liabilities</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other financial liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">98,847,997&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">10,201,996&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">109,049,993&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"><B>&nbsp;Non-current liabilities</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other long-term provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,218,444&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(10,201,996)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,016,448&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5" BGCOLOR="#004811"></TD>
<TD HEIGHT="5" COLSPAN="2" BGCOLOR="#004811"></TD>
<TD HEIGHT="5" COLSPAN="2" BGCOLOR="#004811"></TD>
<TD HEIGHT="5" COLSPAN="2" BGCOLOR="#004811"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The amount of Deposits for return of bottles of ThCh$ 10,201,996 that until June&nbsp;30, 2012, was presented as Other
non-current provisions, now is presented as Other current financial liabilities. The Company does not intend to make significant repayment of these deposits within the next 12 months. However, from June 2012, such amounts are classified within
current liabilities, under the line Other financial liabilities. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">This adjustment did not affect Total Liabilities and Equity at June&nbsp;30, 2012,
and management does not consider such adjustment to be material to the interim consolidated financial statements taken as whole. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 27 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Early implementation IFRS 11, as explained in <B><I><FONT
STYLE="font-family:ARIAL" COLOR="#339966">Note 4, letter a)</FONT></I></B><FONT STYLE="font-family:ARIAL">. </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The application of this standard
has no impact on net income or equity, but if affects the opening of balances assets and liabilities, and the classification of Income and Expenses. Below are the reclassifications affecting the Interim Consolidated Statement of Financial Position,
Interim Consolidated Statement of Income and Interim Consolidated Statement of Cash Flows: </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><I>Interim Consolidated Statement of Financial Position
</I></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="86%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD ROWSPAN="2" VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ASSETS</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;Previously&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;reported
to&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;06.30.2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Reclassifications&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;Reported&nbsp;to&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;06.30.2012&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">ThCh$</FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffff00" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#ffffff">&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#ffffff">&nbsp;</TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Current assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffff00" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash and cash equivalent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">138,034,791&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">1,015&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">138,035,806&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other financial assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,942,931&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">1,942,931&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other non-financial assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,484,703&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(1,096,305)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">8,388,398&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable-trade and other receivables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">137,712,907&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">7,898&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">137,720,805&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable from related companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,925,472&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(126,705)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">7,798,767&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Inventories</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">140,146,735&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">140,146,735&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Taxes receivables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,145,537&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">316&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">17,145,853&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total current assets
different from assets of disposal group held for sale</B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>452,393,076&nbsp;</B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>(1,213,781)&nbsp;</B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffff00" BGCOLOR="#65bc23"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>451,179,295&nbsp;</B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Assets of disposal group held for sale</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">468,366&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">468,366&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets of disposal group held for sale</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>468,366&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>468,366&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total current assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>452,861,442&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>(1,213,781)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00" BGCOLOR="#65bc23"><B>451,647,661&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="BORDER-RIGHT:1px solid #ffff00;border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="BORDER-RIGHT:1px solid #ffff00;border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Non-current assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffff00" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other financial assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">190,517&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">190,517&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other non-financial assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,382,427&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">3,382,427&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable from related companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">407,175&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">407,175&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment accounted by equity method</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,819,373&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(22,434,702)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">17,384,671&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Intangible assets other than goodwill</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,076,525&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">19,232,197&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">59,308,722&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Goodwill</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67,844,986&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">3,544,158&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">71,389,144&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Property, plant and equipment (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">588,385,077&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">588,385,077&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Biological assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,010,335&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">18,010,335&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,398,571&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">7,398,571&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deferred tax assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,173,603&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">282,483&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">23,456,086&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total non-current assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>788,688,589&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>624,136&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>789,312,725&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1.50pt solid #ffffff; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total Assets</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,241,550,031</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(589,645)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,240,960,386&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD ROWSPAN="2" VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">LIABILITIES</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;Previously&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;reported
to&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;06.30.2012&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Reclassifications&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;Reported&nbsp;to&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;06.30.2012&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">ThCh$</FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">ThCh$</FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffff00" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Current liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffff00" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other financial liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">98,847,997&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">98,847,997&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts payable-trade and other payables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">120,259,333&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">215,986&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">120,475,319&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts payable to related companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,362,261&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(853,504)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">5,508,757&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other short-term provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">500,268&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">500,268&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Tax liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,299,420&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">47,873&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">9,347,293&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Employee benefits provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,822,015&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">9,822,015&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other non-financial liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,863,507&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">28,863,507&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total current liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>273,954,801&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>(589,645)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>273,365,156&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Non-current liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffff00" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other financial liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">171,688,907&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">171,688,907&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts payable to related companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,508,220&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">2,508,220&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other long-term provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,218,444&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">12,218,444&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deferred tax liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64,335,901&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">64,335,901&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Employee benefits provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,862,598&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">15,862,598&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total non-current liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>266,614,070&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00" BGCOLOR="#65bc23"><B>266,614,070&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="BORDER-RIGHT:1px solid #ffff00;border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:2.00pt solid #ffffff; BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:2.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:2.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total
liabilities</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:2.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:2.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">540,568,871&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:2.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:2.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(589,645)&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:2.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:2.00pt solid #ffffff; BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">539,979,226&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-TOP:2.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:2.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">EQUITY</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffff00" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Equity attributable to equity holders of the parent</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffff00" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Paid-in capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">231,019,592&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">231,019,592&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other reserves</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(43,376,404)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">(43,376,404)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Retained earnings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">398,897,849&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">398,897,849&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Subtotal equity attributable to equity holders of the parent</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>586,541,037&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00" BGCOLOR="#65bc23"><B>586,541,037&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-controlling interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114,440,123&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00">114,440,123&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total shareholders&#146; equity</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">700,981,160&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">-&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">700,981,160&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffff00; padding-left:8pt" BGCOLOR="#ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffff00">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffff00" BGCOLOR="#004811"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total liabilities and shareholders&#146;
equity</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffff00">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffff00" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,241,550,031&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffff00">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffff00" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(589,645)&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffff00">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffff00; BORDER-BOTTOM:1px solid #ffff00" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,240,960,386&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 28 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><I>Interim Consolidated Statement of Income </I></P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">INTERIM CONSOLIDATED STATEMENT OF<BR>INCOME</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;Previously&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;reported&nbsp;to&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;06.30.2012&nbsp;&nbsp;&nbsp;
</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Reclassifications&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;Presentation&nbsp;to&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;06.30.2012&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;Previously&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;reported
to&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;06.30.2012&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Reclassifications&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;Presentation&nbsp;to&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;06.30.2012&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;ThCh$&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">499,501,928&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">(3,381)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">499,498,547&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218,020,063&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">(1,138)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218,018,925&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cost of sales</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(236,972,846)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">1,302,914&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(235,669,932)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(110,699,360)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">670,723&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(110,028,637)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Gross margin</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>262,529,082&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>1,299,533&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>263,828,615&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>107,320,703&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>669,585&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>107,990,288&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other income by function</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,256,166&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,256,166&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,627,839&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,627,839&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Distribution costs</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(85,223,276)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(85,223,276)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(38,584,278)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(38,584,278)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Administrative expenses</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(39,973,684)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(29,328)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(40,003,012)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19,579,599)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(17,096)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19,596,695)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other expenses by function</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(63,621,208)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,398&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(63,618,810)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(31,263,622)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,399&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(31,261,223)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other gains (losses)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,968,281)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,968,281)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">289,393&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">12,235&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">301,628&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Gains (losses) from operational activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>73,998,799&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>1,272,603&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>75,271,402&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>19,810,436&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>667,123&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>20,477,559&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Financial income</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,238,224&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">2,879&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,241,103&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,907,931&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">335&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,908,266&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Financial costs</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,279,712)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,279,712)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,474,889)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,474,889)&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2" BGCOLOR="#ccffcc"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2" BGCOLOR="#ffffff"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2" BGCOLOR="#ccffcc"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity and income of joint ventures</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">975,727&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(1,096,305)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(120,578)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">465,934&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(573,806)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(107,872)&nbsp;</TD></TR>
<TR>
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2" BGCOLOR="#ccffcc"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2" BGCOLOR="#ffffff"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2" BGCOLOR="#ccffcc"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency exchange differences</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(613,327)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(613,327)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(600,753)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(600,753)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Result as per adjustment units</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,627,281)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">325&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,626,956)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(735,320)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">184&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(735,136)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income before taxes</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>68,692,430&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>179,502&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>68,871,932&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>17,373,339&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>93,836&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>17,467,175&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13,646,534)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(179,502)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13,826,036)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,410,433)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(93,836)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,504,269)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income from continuing operations</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>55,045,896&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>55,045,896&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>12,962,906&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>12,962,906&nbsp;</B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 29 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><I>Interim Consolidated Statement of Cash Flows </I></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">INTERIM CONSOLIDATED STATEMENT OF CASH FLOW</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;Previously&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;reported
to&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;06.30.2012&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Reclassifications&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;Presentation&nbsp;to&nbsp;&nbsp;&nbsp;&nbsp;<BR>06.30.2012&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net cash flows from (used in) operational activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Collection classes:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Proceeds from goods sold and services rendered</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">718,372,714&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">718,372,714&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other proceeds from operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,118,514&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,118,514&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Types of payments:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Payments of operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(496,992,696)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(8,641,716)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(505,634,412)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Payments of salaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(59,179,068)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(59,179,068)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other payments for operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(94,552,419)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">12,562,122&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(81,990,297)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Dividends received</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,470,858&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(1,467,564)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,294&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest paid</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,770,529)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(2,621,864)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,392,393)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest received</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,030,472&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">3,036&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,033,508&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income tax reimbursed (paid)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(17,577,994)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(234,379)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(17,812,373)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other cash movements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,559,807)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,559,807)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Net cash flows from (used in) operational activities</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">60,360,045&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(400,365)&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">59,959,680&nbsp;</FONT></B></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash flows from (used in) investing activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Proceed from sale of property, plant and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,246,860&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,246,860&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Acquisition of property, plant and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(55,178,589)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(55,178,589)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Net cash flows from (used in) investing activities</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(53,931,729)&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">-&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(53,931,729)&nbsp;</FONT></B></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash flows from (used in) financing activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Proceeds from short-term loans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,160,118&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,160,118&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2" BGCOLOR="#ccffcc"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total amount from loans</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,160,118&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,160,118&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Payments of finance lease liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(786,269)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(786,269)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Dividends paid</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(65,653,925)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(65,653,925)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other cash movements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,620,395)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,620,395)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Net cash flows from (used in) financing activities</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT COLOR="#ffffff">(45,900,471)&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT COLOR="#ffffff">-&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT COLOR="#ffffff">(45,900,471)&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #ffffff">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Net increase (Decrease) in cash and cash equivalents, before the effect of changes in exchange
rate</FONT></B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT COLOR="#ffffff">(39,472,155)&nbsp;</FONT></B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT COLOR="#ffffff">(400,365)&nbsp;</FONT></B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT COLOR="#ffffff">(39,872,520)&nbsp;</FONT></B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Effects of changes in exchange rates on cash and cash equivalents</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT
 COLOR="#ffffff">(157,432)&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT
 COLOR="#ffffff">-&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B><FONT
 COLOR="#ffffff">(157,432)&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Cash and cash equivalents, initial balance</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">177,664,378&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">401,380&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">178,065,758&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Cash and cash equivalents, final balance</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">138,034,791&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,015&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">138,035,806&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 30 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_36"></A>Note 3 Estimates and application of professional judgment
</B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Financial statement preparation requires estimates and assumptions from Management affecting the amounts included in the interim
consolidated financial statements and their related notes. The estimates made and the assumptions used by the Company are based on the historical experience, changes in the industry and the information supplied by external qualified sources.
Nevertheless, final results could differ from the estimates under certain conditions. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Significant estimates and accounting policies are defined as
those that are important to correctly reflect the Company&#146;s financial position and income, and/or those that require a high level of judgment by Management. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The primary estimates and professional judgments relate to the following concepts: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">The valuation of goodwill acquired to determine the existence of losses due to potential impairment <FONT COLOR="#339966"><B><I>(Note 2.15 and Note
21)</I></B></FONT>. </P></TD>
<TD WIDTH="0%">&nbsp;</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">The valuation of commercial trademarks to determine the existence of potential losses due to potential impairment<FONT COLOR="#339966"><B><I> (Note 2.14 and
Note 20)</I></B></FONT>. </P></TD>
<TD WIDTH="0%">&nbsp;</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">The assumptions used in the current calculation of liabilities and obligations to employees <FONT COLOR="#339966"><B><I>(Note 2.19 and
Note&nbsp;31)</I></B></FONT>. </P></TD>
<TD WIDTH="0%">&nbsp;</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Useful life of property, plant and equipment<FONT COLOR="#339966"><B><I> (Note 2.10 and Note 22)</I></B></FONT>, biological assets<FONT COLOR="#339966"><B><I>
(Note 2.13 and Note 25)</I></B></FONT> and intangibles<FONT COLOR="#339966"><B><I> (Note 2.14 and Note 20)</I></B></FONT>. </P></TD>
<TD WIDTH="0%">&nbsp;</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">The assumptions used for the calculation of fair value financial instruments <FONT COLOR="#339966"><B><I>(Note 2.6 and Note 6)</I></B></FONT>. </P></TD>
<TD WIDTH="0%">&nbsp;</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">The occurrence likelihood and the estimates amount in an uncertain or contingent manner <FONT COLOR="#339966"><B><I>(Note 2.20, Note 29)</I></B></FONT>.
</P></TD>
<TD WIDTH="0%">&nbsp;</TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Such estimates are based on the best available information of the events analysed to date in these interim
consolidated financial statements. However, it is possible that events that may occur in the future that result in adjustments to such estimates, which would be recorded prospectively. </P>
<P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_37"></A>Note 4 Accounting changes </B></FONT></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="3%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">At the end of the year 2012, the Company has adopted the early application of International Financial Reporting Standards (IFRS) N&deg; 11 Joint Arrangements.
This change in accounting policy implies that the investments held in the joint arrangements Promarca S.A. and Compa&ntilde;&iacute;a Pisquera Bauz&aacute; S.A., with a participation of 50% and 49%, respectively, changed from equity method
accounting to accounting for assets, liabilities, revenues and expenses in respect of the Company&acute;s interest in these joint operations. The effects of this accounting change are explained in <FONT COLOR="#339966"><B><I>Note
2.28.</I></B></FONT> For comparison purposes this accounting method was applied retroactively to the six months ended June&nbsp;30, 2012, without effect on the Company&#146;s Net Income, since it is a redistribution of Net Income recognized by the
method of participation in each line of the Interim Consolidated Statement of Income. Due to earlier application of IFRS N&deg;11, the Company applied the IFRS N&deg; 10 Consolidated Financial Statements, IFRS N&deg;12 Disclosure of Interests in
Other Entities, IAS 27 Separate Financial Statements (as amended in 2011) and IAS 28 Investments in Associates and Joint Ventures (as amended in 2011) at the same time, which have no impact on these Interim Consolidated Financial Statements.
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="3%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">During the six months ended as of June&nbsp;30, 2013, there have been no other changes in the use of accounting principles or relevant changes in any
accounting estimates with regard to previous years that have affected these interim consolidated financial statements. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 31 </P>


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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
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</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_38"></A>Note 5 Risk Administration </B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>Risk administration </I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In
those companies without a significant non-controlling interest, the Company&#146;s Administration and Finance Officer provides a centralized service for the group&#146;s companies to obtain financing and administration of exchange rate, interest
rate, liquidity, inflation, raw material and loan risks. Such activity operates according to a policies and procedures framework, which is regularly reviewed to comply with the purpose of administrating the risk originated by the business needs.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In those companies with a significant non-controlling interest (VSPT, CPCh, Aguas CCU-Nestl&eacute; and Cervecera Kunstmann) each Administration and
Finance Officer exercises such responsibility. When necessary, the Board of Directors has the final responsibility for establishing and reviewing the risk administration structure, as well as for the review of significant changes made to the risk
administration policies. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">According to the financial risk policies, the Company uses derivative instruments only for the purpose of covering
exposures to the interest rate and exchange rate risks originated by the Company&#146;s operations and its financing sources. The Company does not acquire derivative facilities with speculative or investment purposes nevertheless, some derivatives
are not treated as hedges for accounting purposes because they do not qualify as such. Transactions with derivative instruments are exclusively carried out by staff under the Finance Management and Internal Audit Management regularly reviews the
control environment of this function. The relationship with Credit Rating Agencies and the monitoring of financial restrictions (covenants) are also administered by Finance Management. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company&#146;s main risk exposure is related to the exchange rates, interest rates, inflation and raw material prices (commodities), taxes,
client&#146;s accounts receivable and liquidity. For the purpose of managing the risk originated by such exposures, several financial instruments are used. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">For each of the following, where applicable, sensitivity analysis developed are for illustrative purposes, since in practice the sensitized variables
rarely change without affecting each other and without affecting other factors that were considered as constants. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>Exchange rate risk
</I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company is exposed to exchange rate risks originated by: a) its net exposure to foreign currency assets and liabilities, b)
exports sales, c) the purchase of raw material, products and capital investments effected in foreign currencies, or indexed in such currencies, and d) the net investment of subsidiaries in Argentina. The Company&#146;s greatest exchange rate
exposure is the variation of the Chilean peso as compared to the US Dollar, Euro, Sterling Pound, Argentine Peso and Uruguayan Peso. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of
June&nbsp;30, 2013, the Company maintained foreign currency obligations amounting to ThCh$ 38,856.121 (ThCh$ 37,348,464 in December 2012), mostly denominated in US Dollars. Foreign currency obligations accruing variable interest (ThCh$ 18,646,179 in
June 2013 and ThCh$ 15,321,186 in December 2012) represent 7% (6% in 2012) of the total of Other financial liabilities. The remaining 93% (94% in 2012) is denominated in inflation-indexed Chilean pesos (see inflation risk section). In addition, the
Company maintains foreign currency assets for ThCh$ 40,158,563 (ThCh$ 35,305,805 in December 2012) that mainly correspond to exports accounts receivable. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Regarding the Argentine subsidiaries operations, the net exposure liability in US Dollars and other currencies amounts to ThCh$ 708,064 (ThCh$ 4,793,940
in December 2012). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Regarding the Uruguayan subsidiaries operations, the net exposure liability in US Dollars and other currencies amounts to ThCh$
2,756,153. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">To protect the value of the net foreign currency assets and liabilities position of its Chilean operations, the Company enters into
derivative agreements (currency forwards) to ease any variation in the Chilean peso as compared to other currencies. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013, the
Company&#146;s mitigate net asset exposure in foreign currencies in Chile, after the use of derivative instruments, is an asset amounting to ThCh$ 436,357 (ThCh$ 2,932,576 in December 2012). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 32 </P>


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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
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</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Of the Company&#146;s total sales, both in Chile, Argentina and Uruguay, 8% (9% in June 2012)
corresponds to export sales made in foreign currencies, mainly US Dollars, Euro and Sterling Pound and of the total costs 56% (55% in June 2012) corresponds to raw materials and products purchased in foreign currencies, or indexed to such
currencies. The Company does not hedge the eventual variations in the expected cash flows from such transactions. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company is also exposed to
movements in exchange rates relating to the conversion from Argentine pesos and Uruguayan pesos to Chilean Pesos with respect to assets, liabilities, income and expenses of its subsidiaries in Argentina and Uruguay. The Company does not cover the
risks associated with the conversion of its subsidiaries, which effects are recorded in Equity. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013, the net investment in
Argentine subsidiaries amounted to ThCh$ 90,275,696 (ThCh$ 92,745,976 in December 2012) and Uruguay amounted to ThCh$ 2,990,946. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Exchange rate sensitivity analysis </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The exchange rate differences effect recognized in the Interim Consolidated Statement of Income for the period ended as of June&nbsp;30, 2013, related to
the foreign currency denominated assets and liabilities, was a loss of ThCh$ 648,422 (ThCh$ 613,327 in June 2012). Considering the exposure as of June&nbsp;30, 2013, and assuming a 10% increase (or decrease) in the exchange rate, and maintaining
constant all other variables, such as interest rates, it is estimated that the effect over the Company&#146;s income would be income (loss) after taxes of ThCh$ 34,909 (income (loss) of ThCh$ 39,601 in June 2012). </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Considering that approximately 8% of the Company&#146; sales relates to export sales carried out in Chile, in currencies different from the Chilean Peso,
and that in Chile approximately 52% (52% in June 2012) of the costs are indexed to the US Dollar, and assuming that the Chilean Peso will be appreciated or (depreciated) by 10% as compared to the set of foreign currencies, when maintaining constant
the rest of the variables the hypothetical effect on the Company&#146;s income would be income (loss) after taxes of ThCh$ 4,398,694 (income (loss) from ThCh$ 3,833,889 in June 2012). </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company can also be affected by the variation of the exchange rate of Argentina and Uruguay, since the result is converted to Chilean Pesos at the
average rate of each month. The result of the operations in Argentina during the period 2013 were ThCh$ 5,484,914 (ThCh$ 8,612,377 in June 2012) and a loss of ThCh$ 533,756 respectively. Therefore, a depreciation (or appreciation) of 10% in the
exchange rate of the Argentine and Uruguayan Peso, would be a loss (income) before tax of ThCh$ 548,491 (ThCh$ 861,238 in June 2012) and ThCh$ 53,376, respectively. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The net investment maintained in subsidiaries that operate in Argentina amounts to ThCh$ 90,275,696 as of June&nbsp;30, 2013 (ThCh$ 92,745,976 in
December 2012). Assuming a 10% increase or decrease in the Argentine peso exchange rate as compared to the Chilean Peso, and maintaining constant all the rest of the variables, the increase (decrease) would hypothetically result in income (loss) of
ThCh$ 9,027,570 (ThCh$ 9,274,598 in December 2012) recorded as a credit (charge) against Equity. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The net investment maintained in subsidiaries that
operate in Uruguay amounts to ThCh$ 2,990,946 as of June&nbsp;30, 2013. Assuming a 10% increase or decrease in the Uruguayan peso exchange rate as compared to the Chilean Peso, and maintaining constant all the rest of the variables, the increase
(decrease) would hypothetically result in income (loss) of ThCh$ 299,095 recorded as a credit (charge) against Equity. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The company does not cover
the risks associated with the currency conversion of the financial statements of its subsidiaries that have other functional currency, whose effects are reported in Equity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>Interest rates risk </I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The
interest rate risk mainly originated from the Company&#146;s financing sources. The main exposure is related to LIBOR variable interest rate indexed obligations. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013, the Company had a total ThCh$ 11,448,744 in debt indexed to LIBOR (ThCh$ 14,156,408 as of December&nbsp;31, 2012).
Consequently, as of June&nbsp;30, 2013, the company&#146;s financing structure is made up (without considering the effects of cross currency swaps effect) of approximately 4% (6% in December 2012) in debt with variable interest rates, and 96% (94%
in December 2012) in debt with fixed interest rates. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">To administer the interest rate risk, the Company has a policy that intends to reduce the
volatility of its financial expense, and to maintain an ideal percentage of its debt in fixed rate instruments. The financial position is mainly set by the use of short-term and long-term debt, as well as derivative instruments such as cross
currency interest rate swaps. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 33 </P>


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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013, after considering the effect of interest rates and currency swaps,
approximately 100% (99% in December 2012) of the Company&#146;s long-term debt has fixed interest rates. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The terms and conditions of the
Company&#146;s obligations as of June&nbsp;30, 2013, including exchange rates, interest rates, maturities and effective interest rates, are detailed in <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>Note 27</I></B></FONT><FONT
STYLE="font-family:ARIAL">. </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Interest rates sensitivity analysis </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The total financial expense recognized in the Interim Consolidated Statement of Income for the period ended as of June&nbsp;30, 2013, related to
short-term and long-term debts amounted to ThCh$ 9,775,071 (ThCh$ 7,279,712 in June 2012). As of June&nbsp;30, 2013 we were 100% covered against interest rate fluctuations. As of June&nbsp;30, 2012, whereas only 1% of total debt (net of derivatives)
is subject to variable interest rate, and if assuming an increase or decrease in interest rates in Chilean Pesos and U.S. Dollars of approximately 100 basis points, and keeping all other variables constant, such as the exchange rate, the increase
(decrease) would hypothetically result in a loss (gain) of ThCh$ 110,773 in the Interim Consolidated Statement of Income. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>Inflation
risk </I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company maintains a series of Unidad de Fomento* (UF) indexed agreements with third parties, as well as UF indexed financial
debt, which means that the Company is exposed to the UF fluctuations, generating increases in the value of the agreements and inflation adjustable liabilities, in the event it experiences growth. This risk is mitigated by the Company&#146;s policy
of keeping the unitary net sales in UF constant, as long as the market conditions allows it. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">* The Unidad de Fomento (UF) is a Chilean
inflation-indexed, peso-denominated monetary unit. The UF rate is set daily based on changes in the previous month&acute;s inflation rate. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Inflation sensitivity analysis </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The income for total adjustment unit recognized in the Interim Consolidated Statement of Comprehensive Income for the period ended as of June&nbsp;30,
2013, related to UF indexed short-term and long-term debt, and resulted in a loss of ThCh$ 121,893 (ThCh$ 2,626,956 in June 2012). Assuming a reasonably possible increase (decrease) of the Unidad de Fomento by approximately 3% and maintaining
constant all the rest of the variables, such as interest rates, the aforementioned increase (decrease) would hypothetically result in a loss (income) of ThCh$ 2,960,973 (ThCh$ 6,121,613 in June 2012) in the Interim Consolidated Statement of Income.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>Raw material price risk </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The main exposure to the raw material price variation is related to barley and malt used in the production of beer, concentrates, sugar and plastic
containers used in the production of soft drinks and bulk wine and grapes for the manufacturing of wine and spirits. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Barley, malt and
cans </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In Chile, the Company obtains its barley and malt supply both from local producers and the international market. Long-term
supply agreements are entered into with local producers where the barley price is set annually according to market prices, which are used to determine the malt price according to the agreements. The purchases commitments made expose the Company to a
raw material price fluctuation risk. During 2013, the Company will purchase 53,457 tons (48,396 tons in December 2012) of barley and 31,549 tons (32,300 tons in December 2012) of malt. CCU Argentina acquires mainly malt from local producers. Such
raw materials represent approximately 31% (31% in December 2012) of the direct cost of beer. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Of the cost of beer in Chile, the cost of cans
represents 40% of the direct cost of raw materials (41% in December 2012). Meanwhile in Argentina the cans represents 23% of the direct cost of raw materials (24% in December 2012). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 34 </P>


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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Concentrates, Sugar and plastic containers </I></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The main raw materials used in the production of non-alcoholic beverages are concentrates, which are mainly acquired from licensees, sugar and plastic
resin for the manufacturing of plastic bottles and containers. The Company is exposed to price fluctuation risks of these raw materials, which jointly represent 54% (56% in December 2012) of the direct cost of non-alcoholic beverages. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Grapes and wine </I></B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The main
raw material used by the subsidiary VSPT for wine production are harvested grapes from own production and grapes and wines acquired from third parties through long term and spot contracts. Approximately 31% (28% in December 2012) of the export wine
supply comes from its own vineyards. Whereas the previous percentage of own production and that this goes to the production for export market and fine wines for domestic market, the own production supplies 51% (45% as of June&nbsp;30, 2012) of
exports, including the fine wines of the domestic market. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The remaining 69% (72% in December 2012) the supply is purchased from third parties
through long-term and spot contracts. During 2013, the subsidiary VSPT acquired 54% (59% in December 2012) of the necessary grapes and wine from third parties through spot contracts. In addition, it also performs long-term transactions that
represent 15% of total supply. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013, we must consider that wine represents 58% (58% as of June&nbsp;30, 2012) of the total
direct cost of VSPT. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Raw material price sensitivity Analysis </I></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The total direct cost in the Interim Consolidated Statement of Income for the six months ended as of June&nbsp;30, 2013, amounts to ThCh$ 176,913,508
(ThCh$ 169,766,695 in June 2012). Assuming a reasonably possible increase (decrease) in the direct cost of each operating segment of 8% and maintaining constant all the rest of the variables, such as exchange rates, the aforesaid increase (decrease)
would hypothetically result into a loss (income) of ThCh$ 3,623,695 (ThCh$ 3,559,749 in June 2012) for Beer Chile, ThCh$ 2,079,141 (ThCh$ 2,003,376 in June 2012) for Beer Argentina, ThCh$ 4,346,755 (ThCh$ 4,182,303 in June 2012) for non-alcoholic
beverages, ThCh$ 3,078,736 (ThCh$ 3,232,926 in June) for Wines and ThCh$ 1,227,381 (ThCh$ 1,132,963 in June 2012) for Spirits. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>Credit
risk </I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The credit risk to which the Company is exposed originates from: a) the commercial accounts receivable maintained with retail
clients, wholesale distributors and supermarket chains of domestic markets; b) accounts receivable from exports; and c) financial facilities maintained with Banks and financial institutions, such as demand deposits, mutual funds investments,
facilities acquired under resale commitments and derivatives. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Domestic market </I></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The credit risk related to commercial collectible accounts of domestic markets is administered by the Loan and Collection Administration Officer, and it
is monitored by the Loan Committee of each business unit. The Company has a wide client base that is subject to the policies, procedures and controls established by the Company. The loan limits are established for all clients on the basis of an
internal qualification and payment performance. Outstanding commercial accounts receivable are regularly monitored. In addition, the Company acquires loan insurances covering 90% of the individually significant accounts receivable balances, a
coverage that as of June&nbsp;30, 2013, amounts to 87% (85% as of December&nbsp;31, 2012) of the total accounts receivable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Overdue but not impaired
commercial accounts receivable corresponds to clients that show delays of less than 24.6 days (21.5 days in December 2012). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30,
2013, the Company had approximately 582 clients (803 clients as of December&nbsp;31, 2012) indebted in over Ch$ 10&nbsp;million each that together represent approximately 84% (85% as of December 31, 2012) of the total commercial accounts receivable.
There were 138 clients (182 clients as of December&nbsp;31, 2012) with balances over Ch$ 50&nbsp;million each, representing approximately 74% (75% in December 2012) of the total accounts receivable. The 93% (93% in December 2012) of such accounts
receivable are covered by the loan insurance. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company believes that no additional credit risk provisions are needed to the individual and
collective provisions determined at June&nbsp;30, 2013, as a large percentage of these are covered by insurance. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 35 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Exports market </I></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The loan risk related to accounts receivable for exports is administered by VSPT Head of Loan and Collection, and it is monitored by VSPT Administration
and Finance Officer. The Company has a large client base, in over eighty countries, which are subject to the policies, procedures and controls established by the Company. In addition, the Company acquires loan insurance covering 84% (81% in December
2012) of the total accounts receivable. Pending payment of commercial accounts receivable is regularly monitored. Apart from the loan insurance, having diversified sales in different countries decreases the loan risk. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013, there were 83 clients (75 clients in December 2012) indebted for over ThCh$ 65,000 each, which represent 87% (87% in December
2012) of the total accounts receivable of the export market. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Overdue but not impaired commercial accounts receivable corresponds to clients that
show delays of less than 57 days (42 days in December 2012). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company estimates that no loan risk provisions are necessary in addition to the
individual and collective provisions determined as of June&nbsp;30, 2013. See analysis of accounts receivables maturities and losses due to impairment of accounts receivable (<B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note
15</FONT></I></B><FONT STYLE="font-family:ARIAL">). </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company has policies limiting the counterparty loan risk exposure with respect to
financial institutions, and such exposures are frequently monitored. Consequently, the Company does not have significant risk concentration with any specific financial institutions as of June&nbsp;30, 2013. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>Tax risk </I></B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Our businesses
are taxed with different duties, particularly with excise taxes on the consumption of alcoholic and non-alcoholic beverages. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Argentine excise
tax is 8.7% for beer, and the Chilean excise tax is 15% for beer and wine, 27% for spirits, and 13% for carbonated soft drinks beverages and nectars and juices. An increase in the rate of these or any other tax could negatively affect our sales and
profitability </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>Liquidity risk </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company administers liquidity risk at a consolidated level. The cash flows originated from operational activities being the main liquidity source.
Additionally, the Company has the ability to issue debt and equity instruments in the capital market according to our needs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">To manage short-term
liquidity, the Company considers projected cash flows for a twelve months moving period and maintains cash and cash equivalents available to meet its obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Based on the current operational performance and its liquidity position, the Company estimates that cash flows originated by operating activities and the
cash available shall be sufficient to finance working capital, capital investments, interest payments, dividend payments and debt payment requirements for the next 12-month period and the foreseeable future. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 36 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">A summary of the Company&#146;s financial liabilities with their maturities as of June&nbsp;30, 2013 and
December&nbsp;31, 2012, based on the non-discounted contractual cash flows appears below: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="7" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Contractual flows maturities</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Book&nbsp;value&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Less&nbsp;than&nbsp;1&nbsp;&nbsp;&nbsp;&nbsp;<BR>year</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;Between&nbsp;1&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;and&nbsp;5&nbsp;years&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">More&nbsp;than&nbsp;5&nbsp;&nbsp;<BR>years&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Total&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other financial liabilities no derivative</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bank borrowings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95,543,145&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,449,397&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,637,892&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,917,747&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101,005,036&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bonds payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">151,451,779&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77,067,859&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,645,556&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82,664,461&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184,377,876&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Financial leases obligations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,294,429&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,439,372&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,061,668&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,503,655&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35,004,695&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deposits for return of bottles and containers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,472,614&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,472,614&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,472,614&nbsp;</TD></TR>
<TR BGCOLOR="#8ec73f" STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Sub-Total</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>273,761,967&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>134,429,242&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>81,345,116&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>115,085,863&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>330,860,221&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Derivative financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Liability coverage</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">579,175&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">508,879&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73,223&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">582,102&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative hedge liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">505,224&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">505,224&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">505,224&nbsp;</TD></TR>
<TR BGCOLOR="#8ec73f" STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Sub-Total</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>1,084,399&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>1,014,103&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>73,223&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>1,087,326&nbsp;</B></TD></TR>
<TR BGCOLOR="#004811" STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;274,846,366&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;135,443,345&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;81,418,339&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;115,085,863&nbsp;</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;331,947,547&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="7" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Contractual flows maturities</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of December&nbsp;31, 2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Book&nbsp;value&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Less&nbsp;than&nbsp;1&nbsp;&nbsp;&nbsp;&nbsp;<BR>year</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;Between 1&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;and 5 years&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">More than 5&nbsp;&nbsp;<BR>years&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Total&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>

<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other financial liabilities no derivative</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bank borrowings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81,963,852&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,327,451&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,614,737&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,772,491&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87,714,679&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bonds payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152,835,990&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,533,797&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">94,640,190&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87,626,906&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">190,800,893&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Financial leases obligations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,479,152&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,418,678&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,883,498&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,861,359&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35,163,535&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deposits for return of bottles and containers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,861,158&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,861,158&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,861,158&nbsp;</TD></TR>
<TR BGCOLOR="#8ec73f" STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Sub-Total</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>263,140,152&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>60,141,084&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>148,138,425&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>117,260,756&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>325,540,265&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Derivative financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Liability coverage</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">361,838&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">204,017&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">164,017&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">368,034&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative hedge liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">495,012&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">495,012&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">495,012&nbsp;</TD></TR>
<TR BGCOLOR="#8ec73f" STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Sub-Total</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>856,850&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>699,029&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>164,017&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>863,046&nbsp;</B></TD></TR>
<TR BGCOLOR="#004811" STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><B><FONT COLOR="#ffffff">263,997,002&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><B><FONT COLOR="#ffffff">60,840,113&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><B><FONT COLOR="#ffffff">148,302,442&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><B><FONT COLOR="#ffffff">117,260,756&nbsp;</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B><FONT COLOR="#ffffff">326,403,311&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 37 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_39"></A>Note 6 Financial Instruments </B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>Financial instruments categories </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The following are the book values of each financial instrument category at the closing of each period: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As of
December&nbsp;31, 2012</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Current&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Non&nbsp;current&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Current&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Non&nbsp;current&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">65,826,508&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102,337,275&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other financial assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">3,347,760&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">167,435&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,380,474&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,541&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable &#150; trade and other receivables (net)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">152,228,981&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">204,570,870&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable from related companies</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">8,210,659&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">382,919&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,611,990&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">414,115&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total financial assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>229,613,908&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>550,354&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>317,900,609&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>479,656&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bank borrowings</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">44,512,490&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ccffcc" BGCOLOR="#ccffcc">51,030,655&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37,526,738&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,437,114&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bonds payable</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">72,874,301&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ccffcc" BGCOLOR="#ccffcc">78,577,478&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,414,725&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">148,421,265&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Financial leases obligations</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">346,613&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ccffcc" BGCOLOR="#ccffcc">15,947,816&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">371,748&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,107,404&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deposits for return of bottles and containers</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">10,472,614&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ccffcc" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,861,158&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivatives</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">505,224&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ccffcc" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">495,012&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative hedge liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">508,204&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ccffcc" BGCOLOR="#ccffcc">70,971&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">204,886&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">156,952&nbsp;</TD></TR>
<TR BGCOLOR="#8ec73f" STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Other non-financial liabilities (*)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>129,219,446&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>145,626,920&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>54,874,267&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>209,122,735&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Account payable - trade and other payables</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">119,850,019&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">809,368&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">165,392,448&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">724,930&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts payable to related companies</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">10,560,756&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">6,262&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,013,545&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,391,810&nbsp;</TD></TR>
<TR BGCOLOR="#8ec73f" STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>259,630,221&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>146,442,550&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>228,280,260&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>212,239,475&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 38 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>Financial instruments fair value </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The following tables show the fair values, based on the financial instrument categories, as compared to the book value included in the Interim
Consolidated Statements of Financial Position: </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Composition of financial assets and liabilities: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As of
December&nbsp;31, 2012</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;Book&nbsp;Value&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Fair&nbsp;Value&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Book&nbsp;Value&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Fair&nbsp;Value&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">&nbsp;ThCh$&nbsp;&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">65,826,508&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">65,826,508&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff">102,337,275&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff">102,337,275&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other financial assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">3,515,195&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">3,515,195&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,446,015&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,446,015&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable &#150; trade and other receivables (net)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">152,228,981&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">152,228,981&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">204,570,870&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">204,570,870&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable from related companies</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">8,593,578&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">8,593,578&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,026,105&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,026,105&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total financial assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>230,164,262&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>230,164,262&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>318,380,265&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>318,380,265&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bank borrowings</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">95,543,145&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">95,609,738&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81,963,852&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80,144,744&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bonds payable</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">151,451,779&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">154,503,761&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152,835,990&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155,225,274&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Financial leases obligations</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">16,294,429&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">22,390,352&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,479,152&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,954,053&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deposits for return of bottles and containers</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">10,472,614&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">10,472,614&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,861,158&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,861,158&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivatives</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">505,224&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">505,224&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">495,012&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">495,012&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative hedge liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">579,175&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">579,175&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">361,838&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">361,838&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Other non-financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>274,846,366&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>284,060,864&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>263,997,002&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>271,042,079&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts payable - trade and other payables</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">120,659,387&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">120,659,387&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">166,117,378&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">166,117,378&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts payable to related companies</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">10,567,018&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">10,567,018&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,405,355&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,405,355&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>406,072,771&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>415,287,269&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>440,519,735&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>447,564,812&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The book value of current accounts receivables, cash and cash equivalents and other financial assets and liabilities
approximate fair value due to the short-term nature of such facilities, and in the case of accounts receivable, due to the fact that any collection loss is already reflected in the impairment loss provision. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The fair value of non-derivative financial assets and liabilities that are not quoted in active markets are estimated through the use of discounted cash
flows calculated on market variables observed as of the date of the financial statements. The fair value of derivative instruments is estimated through the discount of future cash flows, determined according to information observed in the market or
to variables and prices obtained from third parties. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">b)&nbsp;&nbsp;&nbsp;&nbsp;Financial instruments as per category: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Fair value&nbsp;&nbsp;<BR>with&nbsp;changes&nbsp;&nbsp;<BR>in income&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Cash and<BR>cash<BR>equivalents,<BR>loans and<BR>accounts<BR>receivables</FONT></B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Hedge&nbsp;&nbsp;<BR>derivatives&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total&nbsp;&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative financial instruments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,071,727&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">167,435&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,239,162&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Marketable securities and investments in other companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,276,033&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,276,033&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total others financial assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>3,347,760&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>167,435&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>3,515,195&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,826,508&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,826,508&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable &#150; trade and other receivables (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152,228,981&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152,228,981&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable from to related companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,593,578&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,593,578&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">3,347,760&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">226,649,067&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">167,435&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">230,164,262&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 39 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Fair&nbsp;value&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;with&nbsp;changes&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;in
income&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Hedge<BR>&nbsp;&nbsp;&nbsp;&nbsp;derivatives&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Financial&nbsp;<BR>liabilities&nbsp;<BR>measured&nbsp;at&nbsp;<BR>amortized&nbsp;<BR>cost&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>

<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bank borrowings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95,543,145&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95,543,145&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bonds payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">151,451,779&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">151,451,779&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Financial leases obligations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,294,429&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,294,429&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deposits for return of bottles and containers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,472,614&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,472,614&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative financial instruments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">505,224&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">579,175&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,084,399&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Others financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>505,224&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>579,175&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>273,761,967&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>274,846,366&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts payable - trade and other payables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">120,659,387&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">120,659,387&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts payable to related companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,567,018&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,567,018&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#ffffff">Total</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">505,224&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">579,175&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">404,988,372&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;406,072,771&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of December&nbsp;31, 2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Fair value&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;with&nbsp;changes&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;in
income&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Cash and<BR>cash<BR>equivalents<BR>and Loans<BR>&nbsp;&nbsp;and&nbsp;accounts&nbsp;&nbsp;<BR>receivables</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Hedge<BR>derivatives&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative financial instruments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">153,223&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,541&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218,764&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Marketable securities and investments in other companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,227,251&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,227,251&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total others financial assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>1,380,474&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>65,541&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>1,446,015&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102,337,275&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102,337,275&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable &#150; trade and other receivables (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">204,570,870&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">204,570,870&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable from to related companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,026,105&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,026,105&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#ffffff">Total</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,380,474&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">316,934,250&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">65,541&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;318,380,265&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of December&nbsp;31, 2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Fair value&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;with&nbsp;changes&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;in
income&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Hedge<BR>&nbsp;&nbsp;derivatives&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Financial<BR>liabilities<BR>measured&nbsp;at&nbsp;<BR>amortized<BR>cost</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bank borrowings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81,963,852&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81,963,852&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bonds payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152,835,990&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152,835,990&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Financial leases obligations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,479,152&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,479,152&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deposits for return of bottles and containers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,861,158&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,861,158&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative financial instruments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">495,012&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">361,838&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">856,850&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total others financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>495,012&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>361,838&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>263,140,152&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>263,997,002&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts payable - trade and other payables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">166,117,378&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">166,117,378&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts payable to related entities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,405,355&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,405,355&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#ffffff">Total</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">495,012&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">361,838&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">439,662,885&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;440,519,735&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 40 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>Derivative Instruments </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The detail of maturities, number of derivative agreements, contracted nominal amounts, fair values and the classification of such derivative instruments as per type of
agreement at the closing of each period is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="7" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="7" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of December&nbsp;31, 2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD ROWSPAN="2" VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Number&nbsp;&nbsp;<BR>&nbsp;Agreements&nbsp;&nbsp;
</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;Nominal&nbsp;&nbsp;&nbsp;&nbsp;
<BR>&nbsp;&nbsp;&nbsp;amounts&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;thousand&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Asset</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Liability</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Number&nbsp;<BR>Agreements&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Nominal<BR>amounts<BR>&nbsp;&nbsp;&nbsp;&nbsp;
thousand&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Asset</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Liability</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>

<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD></TR>


<TR>
<TD HEIGHT="10" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cross currency interest rate<BR>swaps UF/CLP</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>1&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>3,026&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>385,576&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less than a year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,026&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">385,576&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR>
<TD HEIGHT="10" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cross currency interest rate<BR>swaps USD/USD</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>1&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>8,004&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>22,518&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>4,970&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less than a year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,970&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Between 1 and 5 years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,000&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,518&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR>
<TD HEIGHT="10" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Gross currency interest rate swaps USD/EURO</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>1&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>4,436&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>144,917&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>36,842&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>2&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>8,383&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>65,541&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>132,228&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less than a year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36,842&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,947&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">132,228&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Between 1 and 5 years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,436&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">144,917&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,436&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,541&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR>
<TD HEIGHT="10" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cross interest rate swaps USD/USD</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>1&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>10,095&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>151,787&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>1&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>10,107&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>229,610&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less than a year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80,816&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72,658&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Between 1 and 5 years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,000&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70,971&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,000&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">156,952&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Forwards USD</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>26&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>44,110&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>2,040,075&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>372,389&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>17&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>55,692&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>119,822&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><B>430,580&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less than a year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,110&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,040,075&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">372,389&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,692&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">119,822&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">430,580&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Forwards Euro</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>10&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>1,030&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>6,387&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>73,233&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>6&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>2,132&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>22,569&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><B>64,432&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less than a year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,030&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,387&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73,233&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,132&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,569&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64,432&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Forwards CAD</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>4&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>1,680&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>11,668&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>39,528&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>1&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>2,740&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>1,932&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less than a year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,680&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,668&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,528&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,740&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,932&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Forwards GBP</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>4&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>1,265&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>13,597&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>20,074&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>3&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>1,432&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>8,899&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23"><B>-&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less than a year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,265&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,597&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,074&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,432&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,899&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR>
<TD HEIGHT="10" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#65bc23">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>47&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>2,239,162&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,084,399&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>30&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#65bc23"><B>218,764&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#65bc23"><B>856,850&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>Total derivative instruments</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These derivative agreements have been entered into as a hedge of exchange rate risk exposure. In the case of forwards,
the Company does not comply with the formal requirements for hedging classified; consequently their effects are recorded in Income, in Other gain (loss), separately from the hedged item. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the case of Cross Currency Interest Rate Swaps and the Cross Interest Rate Swap, these qualify as cash flow hedges of the flows related to loans from
Banco Estado, Banco de Chile and Banco Scotiabank, see additional disclosures in <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>Note 27</I></B></FONT><FONT STYLE="font-family:ARIAL">. </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 41 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" COLSPAN="18" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;As of June&nbsp;30, 2013</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Entity</FONT></B></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Nature&nbsp;of&nbsp;risks&nbsp;covered&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Rights</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Obligations</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;of&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">net asset&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">(liabilities)&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Maturity&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#004811">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Banco de Chile</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Interest rate fluctuation in bond</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">UF&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">69,213,619&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">CLP&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69,599,196&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(385,576)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">03.17.2014&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Scotiabank</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Interest rate fluctuation in loans</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">USD&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;4,075,343&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">USD&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,057,795&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,548&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">06.22.2015&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Banco de Chile</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Interest rate and exchange rate fluctuation in loans</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">USD&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">&nbsp;&nbsp;2,291,490&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">EUR&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">2,183,415&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">108,075&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">07.11.2016&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Banco de Chile</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">Interest rate and exchange rate fluctuation in loans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">USD&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">&nbsp;&nbsp;5,166,585&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">USD&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">5,318,372&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD NOWRAP VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="right">(151,787)&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">07.07.2016&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD NOWRAP VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD COLSPAN="4" VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="19"></TD></TR>
<TR>
<TD COLSPAN="18" VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" COLSPAN="18" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;As of December&nbsp;31, 2012</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Entity</FONT></B></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Nature of risks
covered&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Rights</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Obligations</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;of&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">net asset&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">(liabilities)&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Maturity&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#004811">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Scotiabank</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Interest rate and exchange rate fluctuation in loans</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">USD&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">&nbsp;&nbsp;1,872,482&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">EUR&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">&nbsp;&nbsp;1,970,324</TD>
<TD NOWRAP VALIGN="middle">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">(97,842)&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">06.20.2013&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Banco de Chile</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">Interest rate and exchange rate fluctuation in loans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">USD&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">&nbsp;&nbsp;2,162,489&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">EUR&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">2,131,334</P></TD>
<TD NOWRAP VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center">31,155&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">07.11.2016&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD NOWRAP VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Banco de Chile</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Interest rate fluctuation in loans</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">USD&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">&nbsp;&nbsp;4,875,172&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">USD&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">5,104,783</TD>
<TD NOWRAP VALIGN="middle">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">(229,610)&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">07.07.2016&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="19"></TD></TR>
<TR>
<TD COLSPAN="18" VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Interim Consolidated Statement of Other Comprehensive Income includes under the caption cash flow hedge, for the
period ended June&nbsp;30, 2013 and 2012, a credit after income taxes of ThCh$ 274,311 and a debit of ThCh$ 154,575, respectively, relating to the fair value of the Cross Currency Interest Swap and Cross Interest Rate Swap derivatives instruments.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>Fair value hierarchies </I></B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The financial instruments recorded at fair value in the Statement of Financial Position are classified as follows, depending on the method used to obtain
their fair values: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="85%"></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Level 1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Fair values obtained through direct reference to quoted market prices, without any adjustment.</P></TD></TR>
<TR>
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Level 2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Fair values obtained through the use of valuation models accepted in the market and based on prices different from those of Level 1, which may be directly or indirectly
observed as of the measurement date (adjusted prices).</P></TD></TR>
<TR>
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Level 3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Fair values obtained through internally developed models or methodologies that use information which may not be observed or which is illiquid.</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 42 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The fair value of financial facilities recorded at fair value in the Interim Statement of Financial
Position, are as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Recorded&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Fair&nbsp;Value&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Fair Value Hierarchy</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Level&nbsp;1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Level&nbsp;2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Level&nbsp;3&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative financial instruments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,071,727&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,071,727&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Market securities and investments in other companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,276,033&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,276,033&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative hedge assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">167,435&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">167,435&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Fair value financial assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>3,515,195&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>1,276,033&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>2,239,162&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>-</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative hedge liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">579,175&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">579,175&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative financial instruments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">505,224&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">505,224&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Fair value financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>1,084,399&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>1,084,399&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>-</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of December&nbsp;31, 2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Recorded&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Fair&nbsp;Value&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Fair Value Hierarchy</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Level&nbsp;1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Level&nbsp;2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Level&nbsp;3&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative financial instruments</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">153,222&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">153,222&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Market securities and investments in other companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,227,251&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,227,251&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative hedge assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,541&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,541&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Fair value financial assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>1,446,014&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>1,227,251&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#8ec73f"><B>218,763&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>-</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative hedge liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">361,838&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">361,838&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative financial instruments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">495,012&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">495,012&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Fair value financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>856,850&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>-&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>&nbsp;&nbsp;&nbsp;856,850&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>-</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">During period ended as of June&nbsp;30, 2013, the Company has not made any significant instrument transfer between levels
1 and 2. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>Credit Quality of financial assets </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company uses two credit assessment systems for its clients: a) Clients with loan insurance are assessed according to the external risk criteria
(trade reports, non-compliance and protested documents that are available in the local market), payment capability and equity situation required by the insurance company to grant a loan coverage; b) All other the clients are assessed through an ABC
risk model, which considers internal risk (non-compliance and protested documents), external risk (trade reports, non-compliance and protested documents that are available in the local market) and payment capacity and equity situation. The
uncollectible rate during the last two years has not been significant. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 43 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_40"></A>Note 7 Financial Information as per reportable segments
</B></FONT></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company has defined three reportable segments within which identified six operating segments, with corporate expense presented
separately. The accounting policies used for each segment are the same as those used in the Interim Consolidated Financial Statements described in <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>Note 2.3</I></B></FONT><FONT
STYLE="font-family:ARIAL">. </FONT></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="15%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="15%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="68%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811"><FONT COLOR="#ffffff">Reportable segment</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Operating segment</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">Operations included in the segments</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Beer Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cervecera CCU Chile Ltda. and Compa&ntilde;&iacute;a Cervecera Kunstmann S.A.</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Non alcoholic</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Embotelladoras Chilenas Unidas S.A. , Aguas CCU-Nestl&eacute; Chile S.A. and Vending CCU Ltda.</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Spirits</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Compa&ntilde;&iacute;a Pisquera de Chile S.A.</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">Rio de la Plata</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CCU Argentina</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CCU Argentina S.A., Compa&ntilde;&iacute;a Industrial Cervecera S.A., Do&ntilde;a Aida S.A. and Don Enrique Pedro S.A.</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Uruguay</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Milotur S.A., Marzurel S.A. and Coralina S.A.</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">Wines</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Wines</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Vi&ntilde;a San Pedro Tarapac&aacute; S.A.</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">Others</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Others (*)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">UES and UAC.</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(*) UES: Strategic Service Units: Transportes CCU Limitada, Comercial CCU S.A., F&aacute;brica de Envases Pl&aacute;sticos
S.A. and Creccu S.A. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UAC: Corporate Support Units located in the Parent Company. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition this segment presents the elimination of transactions between segments. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company&#146;s operations are carried out primarily in Chile, Argentina and Uruguay, the second includes exclusively segments of beers, cider and
wines in the domestic market sales. The rest of the segments, except Uruguay, operate only in Chile. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company does not have any customers
representing more than 10% of consolidated revenues. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The detail of the segments is presented in the following tables. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 44 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3%; font-size:9pt; font-family:ARIAL">a)&nbsp;&nbsp;&nbsp;Information as per reportable segments for the six months ended as of June&nbsp;30,
2013 and 2012: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Chile</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Rio de la Plata</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Wines</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Others</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Total</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD></TR>


<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sales revenue external customers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">353,303,578&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">318,236,705&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">115,695,035&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">103,520,651&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,198,245&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69,199,922&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">537,196,858&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">490,957,283&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,731,831&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,975,582&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,938,843&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,484,477&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,765,652&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,526,541&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,912,983&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,554,664&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,349,309&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,541,264&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sales revenue between segments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,079,339&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,183,948&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,154&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,465&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">216,054&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">162,695&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,348,547)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,387,108)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net sales</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">358,114,748&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">323,396,235&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">118,687,032&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">105,045,593&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">71,179,951&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">71,889,158&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(435,564)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(832,439)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">547,546,167&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">499,498,547&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.7&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1.0)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.6&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cost of sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(160,156,116)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(151,646,454)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(48,603,197)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(40,966,728)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(46,236,613)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(48,202,164)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,586,108&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,145,414&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(249,409,818)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(235,669,932)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44.7&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46.9&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67.1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45.6&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47.2&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Gross margin</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">197,958,632&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">171,749,781&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">70,083,835&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">64,078,865&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">24,943,338&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">23,686,994&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">5,150,544&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">4,312,975&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">298,136,349&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">263,828,615&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55.3&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53.1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32.9&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54.4&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52.8&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">MSD&amp;A (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(128,502,708)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(109,905,653)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(65,488,518)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(55,443,106)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20,772,267)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19,953,093)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,341,006)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,865,338)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(219,104,499)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(188,167,190)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35.9&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55.2&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52.8&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29.2&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.8&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37.7&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other operating income (expenses)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">341,036&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,734)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">355,841&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(23,383)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69,156&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">235,155&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,533&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,372,220&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">840,566&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,578,258&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Operating result (2)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">69,796,960&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">61,838,394&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">4,951,158&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">8,612,376&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">4,240,227&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">3,969,056&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">884,071&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">2,819,857&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">79,872,416&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">77,239,683&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.9&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(42.5)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.8&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.4&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.5&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.2&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.2&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.5&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.6&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.5&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net financial expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,776,533)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,038,609)&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity and income of joint venture</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,848)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(120,578)&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency exchange differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(648,422)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(613,327)&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Results as per adjustment units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(121,893)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,626,956)&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other gains (losses)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,679,017&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,968,281)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income before taxes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">73,002,737&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">68,871,932&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13,723,424)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13,826,036)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#ffffff">Net income of period</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><FONT COLOR="#ffffff">59,279,313&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><FONT COLOR="#ffffff">55,045,896&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-controlling interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,534,674&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,510,097&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#ffffff">Net income attributable to equity holders of the
parent</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">55,744,639&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">51,535,799&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Depreciation and amortization</P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">18,338,676&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">15,808,025&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">4,962,935&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">3,287,272&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">3,263,423&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">3,405,591&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">4,698,993&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">3,882,523&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">31,264,027&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">26,383,411&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">ORBDA (3)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">88,135,636&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">77,646,419&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">9,914,093&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">11,899,648&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">7,503,650&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">7,374,647&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">5,583,064&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">6,702,380&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">111,136,443&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">103,623,094&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.5&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(16.7)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.7&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.3&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.6&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.4&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.3&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.5&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.3&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.3&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.7&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(1) MSD&amp;A, included Marketing, Selling, Distribution and Administrative expenses </P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(2) Operating result (For management purposes we have defined as earnings before other gains (losses), net financial expense, equity and income of joint
venture, foreign currency exchange differences, result as per adjustment units and income taxes). </P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(3) ORBDA (For management purpose we have defined
as Operating Result before Depreciation and Amortization). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 45 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3%; font-size:9pt; font-family:ARIAL">b)&nbsp;&nbsp;&nbsp;Information as per reportable segments for the three months ended as of
June&nbsp;30, 2013 and 2012: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Chile</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Rio de la Plata</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Wines</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Others</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Total</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD></TR>


<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sales revenue external customers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">153,135,571&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">134,169,282&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,584,010&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,386,898&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,147,450&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,363,164&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">237,867,031&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">213,919,344&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,242,650&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,673,583&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,326,134&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">682,120&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,744,809&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,167,126&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,265,427&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">576,753&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,579,020&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,099,582&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sales revenue between segments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,082,415&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">882,335&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,439&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,209&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">160,676&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159,703&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,271,530)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,062,247)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net sales</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">155,460,636&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">136,725,200&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">45,938,583&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">41,089,227&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">42,052,935&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">40,689,993&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(6,103)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(485,494)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">243,446,051&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">218,018,926&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.7&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.8&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.3&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.7&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cost of sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(73,722,250)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(68,506,145)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20,773,993)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(16,750,393)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26,867,553)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26,951,786)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,870,106&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,179,688&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(119,493,690)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(110,028,636)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47.4&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50.1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45.2&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40.8&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63.9&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66.2&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49.1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50.5&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Gross margin</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">81,738,386&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">68,219,055&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">25,164,590&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">24,338,834&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">15,185,382&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">13,738,207&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">1,864,003&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">1,694,194&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">123,952,361&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">107,990,290&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52.6&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49.9&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54.8&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59.2&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36.1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33.8&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50.9&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49.5&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">MSD&amp;A (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(57,784,189)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(49,365,865)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(29,386,122)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25,794,564)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,321,885)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,662,030)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,759,757)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,030,561)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(102,251,953)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(88,853,020)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37.2&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36.1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62.8&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.9&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.2&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40.8&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other operating income (expenses)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(70,063)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(120,748)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">198,935&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(118,626)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(29,338)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,525&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,365&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,231,512&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">140,899&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,038,663&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Operating result (2)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">23,884,134&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">18,732,442&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(4,022,597)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(1,574,356)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">3,834,159&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">3,122,702&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(1,854,389)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(104,855)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">21,841,307&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">20,175,933&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.5&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155.5&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.8&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.3&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.4&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.7&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8.8)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3.8)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.7&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.3&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net financial expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,837,920)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,566,623)&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity and income of joint venture</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,602&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(107,872)&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency exchange differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(530,128)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(600,753)&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Results as per adjustment units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87,221&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(735,136)&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other gains (losses)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,869,768&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">301,628&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income before taxes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">19,452,850&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">17,467,177&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,275,620)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,504,269)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#ffffff">Net income of period</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><FONT COLOR="#ffffff">17,177,230&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><FONT COLOR="#ffffff">12,962,908&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-controlling interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,748,005&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,651,988&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#ffffff">Net income attributable to equity holders of the
parent</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">15,429,225&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">11,310,920&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Depreciation and amortization</P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">9,324,182&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">8,339,209&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">2,515,208&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">1,693,222&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">1,703,682&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">1,731,367&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">2,548,104&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">1,786,021&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">16,091,176&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#92d050">13,549,819&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">ORBDA (3)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">33,208,316&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">27,071,651&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(1,507,389)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">118,866&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">5,537,841&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">4,854,069&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">693,715&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">1,681,166&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">37,932,483&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">33,725,752&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.7&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">N/A&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.5&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.4&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.8&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3.3)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.3&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.2&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.9&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.6&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.5&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">(1) MSD&amp;A, included Marketing, Selling, Distribution and Administrative expenses </P>
<P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">(2) Operating result (For management purposes we have defined as earnings before other gains (losses), net financial expense, equity and income of joint venture, foreign
currency exchange differences, result as per adjustment units and income taxes). </P> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">(3) ORBDA (For management purpose we have defined as Operating Result before
Depreciation and Amortization). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 46 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">c) Information as per Chile operating segment for the six months ended as of June&nbsp;30, 2013 and
2012: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Beer Chile</FONT></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Non-alcoholic</FONT></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Spirits</FONT></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Segment Chile</FONT></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sales revenue external customers</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">162,807,306&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">151,509,475&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">160,721,236&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">139,039,264&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,775,036&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,687,966&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">353,303,578&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">318,236,705&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other income</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,610,840&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,575,811&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">721,762&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">557,550&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">399,229&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">842,221&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,731,831&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,975,582&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sales revenue between segments</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">536,695&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">297,979&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,420,805&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,878,935&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">121,839&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,034&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,079,339&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,183,948&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net sales</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">164,954,841&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">153,383,265&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">162,863,803&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">141,475,749&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">30,296,104&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">28,537,221&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">358,114,748&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">323,396,235&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.5&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.1&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.7&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cost of sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(66,296,871)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(65,935,439)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(75,213,348)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(68,533,394)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18,645,897)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(17,177,621)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(160,156,116)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(151,646,454)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43.0&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48.4&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61.5&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44.7&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46.9&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Gross margin</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">98,657,970&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">87,447,826&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">87,650,455&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">72,942,355&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">11,650,207&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">11,359,600&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">197,958,632&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">171,749,781&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59.8&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57.0&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53.8&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51.6&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38.5&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.8&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55.3&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53.1&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">MSD&amp;A</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(56,548,060)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(49,901,672)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(63,332,871)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(51,665,727)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,621,777)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,338,254)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(128,502,708)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(109,905,653)&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34.3&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32.5&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38.9&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36.5&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28.5&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35.9&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34.0&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other operating income (expenses)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,465&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(182,346)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">307,638&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">185,497&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(67)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,885)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">341,036&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,734)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Operating result</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">42,143,375&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">37,363,808&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">24,625,222&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">21,462,125&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">3,028,363&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">3,012,461&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">69,796,960&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">61,838,394&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.5&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.4&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.1&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.0&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.6&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.5&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.1&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>ORBDA</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">52,172,632&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">46,583,997&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">31,884,954&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">27,059,827&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">4,078,050&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">4,002,595&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">88,135,636&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">77,646,419&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.8&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.9&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.5&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31.6&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30.4&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.6&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.5&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.6&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.0&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">d) Information as per Chile operating segment for the three months ended as of June&nbsp;30, 2013 and 2012: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Beer Chile</FONT></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Non-alcoholic</FONT></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Spirits</FONT></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Segment Chile</FONT></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>


<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sales revenue external customers</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,913,911&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59,303,405&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70,440,369&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59,906,218&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,781,291&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;14,959,659&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;153,135,571&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;134,169,282&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other income</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">686,792&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">685,019&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">358,458&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">285,099&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">197,400&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">703,465&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,242,650&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,673,583&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sales revenue between segments</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">275,719&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83,478&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">746,022&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">795,867&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60,674&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,990&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,082,415&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">882,335&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net sales</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">66,876,422&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">60,071,902&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">71,544,849&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">60,987,184&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">17,039,365&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">15,666,114&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">155,460,636&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">136,725,200&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.3&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.3&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.8&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.7&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cost of sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(28,841,403)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(28,281,883)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(34,506,675)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(30,871,344)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,374,172)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,352,918)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(73,722,250)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(68,506,145)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43.1&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47.1&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50.6&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60.9&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59.7&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47.4&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50.1&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Gross margin</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">38,035,019&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">31,790,019&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">37,038,174&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">30,115,840&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">6,665,193&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">6,313,196&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">81,738,386&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">68,219,055&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56.9&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52.9&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51.8&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49.4&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.1&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40.3&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52.6&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49.9&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">MSD&amp;A</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25,071,289)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(22,881,185)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(28,238,817)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(22,228,311)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,474,083)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,256,369)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(57,784,189)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(49,365,865)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37.5&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38.1&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.5&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36.4&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.3&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36.1&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other operating income (expenses)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,825&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(230,315)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(101,802)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114,577&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(86)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,010)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(70,063)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(120,748)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Operating result</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">12,995,555&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">8,678,519&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">8,697,555&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">8,002,106&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">2,191,024&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">2,051,817&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">23,884,134&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">18,732,442&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.4&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.4&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.1&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.9&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.1&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.4&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.7&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>ORBDA</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">18,030,387&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">13,707,634&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">12,439,339&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">10,818,693&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">2,738,590&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">2,545,324&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">33,208,316&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">27,071,651&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31.5&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.6&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.7&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.8&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.4&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.7&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.1&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.2&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.4&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.8&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">e) Information as per R&iacute;o de la Plata operating segment for the six months ended as of June&nbsp;30, 2013 and
2012: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Argentina</FONT></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Uruguay</FONT></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Segment Rio de la Plata</FONT></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sales revenue external customers</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111,649,458&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">103,520,651&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,045,577&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">115,695,035&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">103,520,651&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other income</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,938,843&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,484,477&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,938,843&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,484,477&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sales revenue between segments</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,154&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,465&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,154&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,465&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net sales</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">114,641,455&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">105,045,593&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">4,045,577&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">-&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">118,687,032&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">&nbsp;&nbsp;105,045,593&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.1&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.0&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cost of sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(45,270,695)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(40,966,728)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,332,502)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(48,603,197)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(40,966,728)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.5&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.0&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82.4&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41.0&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.0&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Gross margin</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">69,370,760&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">64,078,865&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">713,075&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">-&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">70,083,835&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">64,078,865&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60.5&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61.0&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.6&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59.0&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61.0&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">MSD&amp;A (1)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(64,259,366)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(55,443,106)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,229,152)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(65,488,518)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(55,443,106)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56.1&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52.8&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30.4&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52.8&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other operating income (expenses)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">373,519&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(23,383)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(17,678)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">355,841&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(23,383)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Operating result</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">5,484,913&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">8,612,376&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(533,755)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">-&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">4,951,158&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">8,612,376&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.8&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13.2)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.2&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>ORBDA</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">10,318,724&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">11,899,648&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(404,632)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:3.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">9,914,092&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">11,899,648&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13.3)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(16.7)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.0&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.3&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10.0)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.4&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.3&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 47 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">f) Information as per R&iacute;o de la Plata operating segment for the three months ended as of
June&nbsp;30, 2013 and 2012: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD ROWSPAN="3" VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Argentina</FONT></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt" COLOR="#ffffff">Uruguay</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:10.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt" COLOR="#ffffff">Segment Rio de la Plata</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;2012&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:10.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:10.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sales revenue external customers</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,922,685&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,386,898&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,661,325&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,584,010&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,386,898&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other income</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,326,134&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">682,120&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,326,134&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">682,120&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sales revenue between segments</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,439&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,209&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,439&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,209&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net sales</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">44,277,258&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">41,089,227&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">1,661,325&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">-&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">45,938,583&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">41,089,227&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.8&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.8&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cost of sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19,341,386)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(16,750,393)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(1,432,607)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20,773,993)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(16,750,393)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43.7&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40.8&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40.8&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Gross margin</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">24,935,872&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">24,338,834&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">228,718&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">-&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">25,164,590&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">24,338,834&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56.3&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59.2&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.8&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54.8&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59.2&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">MSD&amp;A (1)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(28,741,319)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25,794,564)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(644,803)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(29,386,122)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(25,794,564)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64.9&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62.8&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38.8&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64.0&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62.8&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other operating income (expenses)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196,853&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(118,626)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,082&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">198,935&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(118,626)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Operating result</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(3,608,594)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(1,574,356)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(414,003)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">-&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(4,022,597)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(1,574,356)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8.1)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3.8)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(24.9)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8.8)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3.8)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#92d050"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>ORBDA</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(1,159,779)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">118,866&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(347,610)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050"></TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">(1,507,389)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#92d050" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#92d050">118,866&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">N/A&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">N/A&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2.6)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.3&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20.9)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:10.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3.3)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.3&nbsp;</TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #004811" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #004811" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #004811" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #004811" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #004811" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #004811" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #004811" BGCOLOR="#004811">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Sales information by geographic location </I></B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" BGCOLOR="#004811"><FONT STYLE="font-size:8pt" COLOR="#ffffff">Net sales per geographical location</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,</FONT></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><FONT STYLE="font-size:8pt" COLOR="#ffffff">For&nbsp;the&nbsp;three&nbsp;months&nbsp;
ended&nbsp;June&nbsp;30,</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Chile</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">&nbsp;&nbsp;425,561,298&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;390,531,241&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">&nbsp;&nbsp;195,835,674&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;174,816,953&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Argentina</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">117,939,292&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">108,967,306&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">45,949,052&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">43,201,972&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Uruguay</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">4,045,577&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">-&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">1,661,325&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">547,546,167&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">499,498,547&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">243,446,051&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">218,018,925&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="9"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">See distribution of domestic and exports revenues in<B><I> <FONT COLOR="#339966">Note 9</FONT>.</I></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Depreciation and amortization as per reportable and operating
segments</I></B></FONT></P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Property, plant and equipment depreciation and amortization
of</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">software</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,</FONT></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><FONT STYLE="font-size:8pt" COLOR="#ffffff">For&nbsp;the&nbsp;three&nbsp;months&nbsp;
ended&nbsp;June&nbsp;30,</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Chile reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,338,676&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,808,025&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,324,182&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,339,209&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Beer Chile</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">&nbsp;&nbsp;&nbsp;&nbsp;10,029,257&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">9,220,189&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">5,034,832&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">5,029,115&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non alcoholic</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">7,259,732&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">5,597,702&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">3,741,784&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">2,816,587&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Spirits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">1,049,687&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">990,134&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">547,566&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">493,507&nbsp;</TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Rio de la Plata reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>4,962,934&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>3,287,272&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>2,515,208&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>1,693,222&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Argentina</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">4,833,811&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">3,287,272&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">2,448,815&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">1,693,222&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Uruguay</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">129,123&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">-&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">66,393&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">-&nbsp;</TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Wines reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>3,263,423&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>3,405,591&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>1,703,682&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>1,731,367&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wines</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">3,263,423&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">3,405,591&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">1,703,682&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">1,731,367&nbsp;</TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Others reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>4,698,994&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>3,882,523&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>2,548,104&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>1,786,021&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others (1)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">4,698,994&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">3,882,523&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">2,548,104&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">1,786,021&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B></B><FONT COLOR="#ffffff">Total<B></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">31,264,027&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">26,383,411&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">16,091,176&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">13,549,819&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(1) Other includes depreciation and amortization corresponding to the Corporate Support Units and Strategic Service Units.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 48 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Capital expenditures as per reportable and operating segments </I></B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" BGCOLOR="#004811"><FONT STYLE="font-size:8pt" COLOR="#ffffff">Capital expenditures (property, plant and equipment and software additions)</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,</FONT></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Chile reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;&nbsp;&nbsp;21,020,996&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>&nbsp;&nbsp;&nbsp;&nbsp;28,032,524&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Beer Chile</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">10,033,526&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">11,157,000&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non alcoholic</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">9,585,663&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">15,127,624&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Spirits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">1,401,807&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">1,747,900&nbsp;</TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Rio de la plata reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>17,323,772&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>10,934,707&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Argentina</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">17,288,428&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">10,934,707&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Uruguay</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">35,344&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">-&nbsp;</TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Wines reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>3,226,728&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>6,426,614&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wines</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">3,226,728&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">6,426,614&nbsp;</TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Others reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>9,358,961&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>9,784,744&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others (1)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">9,358,961&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">9,784,744&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B></B><FONT COLOR="#ffffff">Total<B></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">50,930,457&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">55,178,589&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(1) Other includes the capital investments corresponding to the Corporate Support Units and Strategic Service Units.</P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Assets as per reportable and operating
segments</I></B></FONT></P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><FONT STYLE="font-size:8pt" COLOR="#ffffff">Assets per segment</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">As of June&nbsp;30,</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#ffffff">2013</FONT></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#ffffff">As of<BR>December&nbsp;31,</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">2012</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Chile reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>481,952,833&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><B>506,780,429&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Beer Chile</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">213,775,538&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">243,325,487&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non alcoholic</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">200,850,037&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">196,286,454&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Spirits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">67,327,258&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">67,168,488&nbsp;</TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Rio de la plata reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>202,713,185&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>164,191,856&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Argentina</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">184,238,447&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">164,191,856&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Uruguay</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">18,474,738&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">-&nbsp;</TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Wines reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>274,201,456&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>270,696,952&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wines</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">274,201,456&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">270,696,952&nbsp;</TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Others reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc"><B>319,063,382&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><B>384,778,503&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others (1)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">319,063,382&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">384,778,503&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,277,930,856&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,326,447,740&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(1) Other includes goodwill and the assets corresponding to the Corporate Support Units and Strategic Service Units. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 49 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Assets per geographic location </I></B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="53%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" COLSPAN="7" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><FONT STYLE="font-size:8pt" COLOR="#ffffff">Assets per geographical location</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">As of June&nbsp;30,<BR>2013</FONT></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><FONT STYLE="font-size:8pt" COLOR="#ffffff">As of<BR>December&nbsp;31,<BR>2012</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Chile</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">1,061,468,890&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">1,114,620,964&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Argentina</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">197,987,228&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">211,826,776&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Uruguay</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">18,474,738&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,277,930,856&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,326,447,740&nbsp;</FONT></B></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="11"><FONT STYLE="font-size:9pt" COLOR="#339966"><B><I>Segment&#146;s additional information</I></B></FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="11"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">The Interim Consolidated Statement of Income classified according to the Company&#146;s operations management is as follows:</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Interim Consolidated Statement of</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Income</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,</FONT></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><FONT STYLE="font-size:8pt" COLOR="#ffffff">For&nbsp;the&nbsp;three&nbsp;months&nbsp;
ended&nbsp;June&nbsp;30,</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">537,196,858&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">490,957,283&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">237,867,031&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">213,919,344&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other income</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">10,349,310&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">8,541,264&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">5,579,020&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">4,099,582&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net sales</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B></B>9<B></B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>547,546,168&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>499,498,547&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>243,446,051&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>218,018,926&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">9.6&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff">-&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">11.7&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cost of sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(249,409,818)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff">(235,669,932)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(119,493,690)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">(110,028,636)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">45.6&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff">47.2&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">49.1&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">50.5&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Gross margin</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>298,136,349&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>263,828,615&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>123,952,361&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>107,990,290&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">MSD&amp;A (1)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(219,104,499)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff">(188,167,190)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(102,251,953)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">(88,853,020)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">40.0&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff">37.7&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">42.0&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">40.8&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other operating income (expenses)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">840,566&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff">1,578,258&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">140,899&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">1,038,663&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Operating result (2)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>79,872,416&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>77,239,683&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>21,841,307&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>20,175,933&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">3.4&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff">-&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">8.3&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">14.6&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff">15.5&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">9.0&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">9.3&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net financial expense</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">11</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(7,776,533)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff">(3,038,609)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(3,837,920)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">(1,566,623)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity and income of joint venture</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">19</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(1,848)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff">(120,578)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">22,602&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">(107,872)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency exchange differences</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">11</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(648,422)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff">(613,327)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(530,128)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">(600,753)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Result as per adjustment units</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">11</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(121,893)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff">(2,626,956)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">87,221&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">(735,136)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other gains (losses) net</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">13</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">1,679,017&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ffffff">(1,968,281)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">1,869,768&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">301,628&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income before taxes</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>73,002,737&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>68,871,932&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>19,452,850&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>17,467,177&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income taxes</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">26</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(13,723,424)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">(13,826,036)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">(2,275,620)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">(4,504,269)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Net income of period</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">59,279,313&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">55,045,896&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">17,177,230&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">12,962,908&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-controlling interests</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">32</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">3,534,674&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">3,510,097&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">1,748,005&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">1,651,988&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Equity holders of the parent</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">55,744,639&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">51,535,799&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">15,429,225&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">11,310,920&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Depreciation and amortization</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>31,264,027&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>26,383,411&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>16,091,176&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>13,549,819&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>ORBDA (3)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>111,136,443&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>103,623,094&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>37,932,483&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>33,725,752&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change %</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">7.3&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">-&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">12.5&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">% of net sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">20.3&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">20.7&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">15.6&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">15.5&nbsp;</TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">See definition of (1), (2)&nbsp;and (3)&nbsp;in information as per operating segment. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 50 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Information per segments of joint ventures </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company&#146;s Management reviews the financial position and the operating results of all its joint ventures described in <B><I><FONT
STYLE="font-family:ARIAL" COLOR="#339966">Note 19</FONT></I></B><FONT STYLE="font-family:ARIAL">. The information that appears below relates to 100% joint ventures: Cervecer&iacute;a Austral S.A. (beer segment) and Foods Compa&ntilde;&iacute;a de
Alimentos CCU S.A. (foods segment), which represents the figures that have not been consolidated in the Company&#146;s financial statements as joint ventures are accounted for under the equity method, as explained in <B><I><FONT
STYLE="font-family:ARIAL" COLOR="#339966">Note 2.2</FONT></I></B><FONT STYLE="font-family:ARIAL">. </FONT></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The figures for each entity 100% of
each in summary form are as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="61%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of June, 2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Cervecer&iacute;a&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Austral&nbsp;S.A.&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Foods&nbsp;S.A.&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Cervecer&iacute;a</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Austral&nbsp;S.A.&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Foods&nbsp;S.A.&nbsp;&nbsp;</FONT></B></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net sales</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">3,625,421&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">10,715,263&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,222,477&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,812,165&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Operating results</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">162,977&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(419,247)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107,735&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(295,565)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income of year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">132,071&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(135,782)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90,128&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(331,177)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Capital expenditures</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">209,598&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">229,631&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">561,325&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">518,301&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Depreciation and amortization</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(183,588)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(508,300)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(174,856)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(454,695)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">3,009,553&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">8,717,398&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,848,706&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,463,966&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-current assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,315,400&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">27,591,572&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,250,080&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,382,501&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,354,296&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">10,375,591&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,255,688&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,080,564&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-current liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">263,016&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">819,409&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">231,396&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">397,405&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">(1) See<B><I> <FONT STYLE="font-family:ARIAL" COLOR="#339966">Note 19</FONT></I></B><FONT STYLE="font-family:ARIAL">.
</FONT></P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_41"></A>Note 8 Business Combinations </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marzurel S.A., Milotur S.A. and Coralina S.A. </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B>Year 2012 Acquisitions </B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On
September&nbsp;13, 2012, the Company acquired 100% of stock, voting and economic rights of Marzurel S.A., Milotur S.A. and Coralina S.A., which are Uruguayan companies that develop the mineral waters and soft drinks business in that country. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">At December, 31 2012, the total amount of this transaction was ThCh$ 10,512,588 and was recorded under Other non-financial assets, due to the Company was
in the process of assessing the fair values of this acquisition and the estimated impact of this process was not considered significant to the financial statement as of that date <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">(See Note
18)</FONT></I></B><FONT STYLE="font-family:ARIAL">. </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Preliminarily at the date of issue of these interim consolidated financial statements,
fair values of assets, liabilities and contingent liabilities related to the Uruguayan companies have been determinated, generating goodwill for an amount of ThCh$ 6,860,448, among others (<B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note
21</FONT></I></B><FONT STYLE="font-family:ARIAL">). </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manantial S.A. </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B>Year 2012 Acquisitions </B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On
December&nbsp;24, 2012, the Company acquired 51% of the stock of Manantial S.A., a Chilean company that develops the business of purified water in large bottles at home and offices through the use of dispensers, business that is known
internationally as HOD (Home and Office Delivery). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">At December, 31 2012, the total amount of this transaction was ThCh$ 9,416,524 and was recorded
under Other non-financial assets <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">(Note 18)</FONT></I></B><FONT STYLE="font-family:ARIAL">. </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 51 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B>Year 2013 Acquisitions </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On June&nbsp;7, 2013, the Company proceeded to pay outstanding balance of ThCh$ 1,781,909 related to the acquisition of Manantial S.A. At June&nbsp;30,
2013, the total amount of the transactions related to Manantial S.A. is ThCh$ 11,772,317 and recorded under Other non-financial assets <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">(Note 18)</FONT></I></B><FONT STYLE="font-family:ARIAL">.
</FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">At the date of issuance of these interim consolidated financial statements the Company is in the process of assessing the fair values of both
acquisitions above mentioned. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">It is expected that the acquisition of these companies increases their productive capacities, through the expansion of
their productive assets, growth in market share through the various brands market and participation in local and foreign markets, as well as operational improvements as a result of synergies obtained in the operational and administrative functions.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_42"></A>Note 9 Net Sales </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Net sales distributed between domestic and export, are as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD ROWSPAN="3" VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For the six months ended<BR>June&nbsp;30,</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For the three months<BR>ended&nbsp;June&nbsp;30,</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Domestic sales</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">502,000,374&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">452,659,916&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">216,566,094&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">191,525,002&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Exports sales</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">45,545,793&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">46,838,631&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">26,879,957&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">26,493,923&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;547,546,167&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;499,498,547&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;243,446,051&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;218,018,925&nbsp;</FONT></B></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="9"><FONT STYLE="font-size:12pt" COLOR="#003300"><B><A NAME="fin581395_43"></A>Note 10 Nature of cost and expense</B></FONT></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="9"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="9">Operational cost and expense grouped by natural classification are as follows:</TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="9"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD COLSPAN="9" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD ROWSPAN="3" VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #000000" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For the six months ended<BR>June&nbsp;30,</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For the three months<BR>ended&nbsp;June&nbsp;30,</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Raw material cost</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">176,913,508&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">169,766,695&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">82,372,329&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77,853,924&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Materials and maintenance expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">15,695,355&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,788,304&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">8,323,091&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,859,824&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Personal expense (1)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">71,267,108&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61,796,903&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">36,153,884&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,725,898&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Transportation and distribution</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">84,219,967&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70,330,750&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">36,941,986&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,945,102&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Advertising and promotion expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">41,023,756&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35,248,634&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">19,206,386&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,048,062&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Lease expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">5,977,849&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,165,568&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,831,971&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,682,768&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Energy expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">12,555,522&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,887,298&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">6,042,214&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,622,330&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Depreciation and amortization</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">31,264,027&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,383,411&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">16,091,176&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,549,819&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other expenses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">30,151,471&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">28,147,467&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#ccffcc">14,103,913&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">13,183,106&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;469,068,563&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;424,515,030&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;222,066,950&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;199,470,833&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">(1) <FONT STYLE="font-family:ARIAL" COLOR="#339966"><I>See Note 31 Employee benefits.</I></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 52 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_44"></A>Note 11 Financial results </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The financial income composition for the six and three months ended as of June&nbsp;30, 2013 and 2012, is as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Financial Results</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;June&nbsp;30,&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;For&nbsp;the&nbsp;three&nbsp;months&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;&nbsp;ended
June&nbsp;30,&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Financial income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,998,538&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,241,103&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">924,166&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,908,266&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Financial cost</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">&nbsp;&nbsp;(9,775,071)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,279,712)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(4,762,086)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,474,889)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Foreign currency exchange differences</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(648,422)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(613,327)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(530,128)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(600,753)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Result as per adjustment units</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(121,893)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,626,956)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">87,221&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(735,136)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">&nbsp;Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(8,546,848)&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;(6,278,892)&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;(4,280,827)&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;(2,902,512)&nbsp;</FONT></B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="9"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="9"><FONT STYLE="font-size:12pt" COLOR="#003300"><B><A NAME="fin581395_45"></A>Note 12 Other income by function</B></FONT></TD></TR>
<TR>
<TD HEIGHT="13" COLSPAN="9"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="9"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">The detail of other income by function is as follows:</P></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD ROWSPAN="3" VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;June&nbsp;30,&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;For&nbsp;the&nbsp;three&nbsp;months&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;&nbsp;ended
June&nbsp;30,&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Sales of fixed assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">947,538&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">617,225&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">266,464&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">256,563&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Lease expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">109,633&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">207,552&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">88,810&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104,421&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Others</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">337,641&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,431,389&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">106,932&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,266,855&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">&nbsp;Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,394,812&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2,256,166&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">462,206&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,627,839&nbsp;</FONT></B></TD></TR>
<TR>
<TD HEIGHT="10" COLSPAN="9"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="9"><FONT STYLE="font-size:12pt" COLOR="#003300"><B><A NAME="fin581395_46"></A>Note 13 Other Gain and Loss</B></FONT></TD></TR>
<TR>
<TD HEIGHT="13" COLSPAN="9"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="9"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">The detail of other gain (loss) items is as follows:</P></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Other gain and (loss)</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;June&nbsp;30,&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;For&nbsp;the&nbsp;three&nbsp;months&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;&nbsp;ended
June&nbsp;30,&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Results derivative contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,624,761&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,889,731)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,001,756&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">483,085&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Marketable securities to fair value</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">48,781&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83,223&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(33,621)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19,684)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">&nbsp;Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">5,475&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(161,773)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(98,367)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(161,773)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">&nbsp;Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,679,017&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(1,968,281)&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,869,768&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">301,628&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 53 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_47"></A>Note 14 Cash and cash equivalents </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Cash and cash equivalent balances were as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="36%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2013</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">&nbsp;&nbsp;As of</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;December&nbsp;31,</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;2012</FONT></B></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">19,079&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,015&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Overnight deposits</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">322,010&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,119,358&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bank balances</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">19,417,008&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,411,396&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Time deposits</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">12,320,146&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,454,130&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Securities purchased under resale agreements</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">33,748,265&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,341,376&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">65,826,508&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">102,337,275&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="15"> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The currency composition of cash and cash equivalents
at June&nbsp;30, 2013, is as follows:</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Chilean&nbsp;Peso&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US&nbsp;Dollar&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Euro</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Argentine&nbsp;&nbsp;&nbsp;&nbsp;<BR>Peso</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Uruguayan&nbsp;&nbsp;&nbsp;&nbsp;<BR>Peso</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Others</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,172&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,863&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,001&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,079&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Overnight deposits</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">322,010&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">322,010&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bank balances</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,647,304&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">494,042&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,052&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,567,756&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">606,760&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">91,094&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,417,008&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Time deposits</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,320,146&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,320,146&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Securities purchased under resale agreements</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">33,748,265&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">33,748,265&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">55,719,887&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">816,095&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">10,052&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">8,571,619&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">617,761&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">91,094&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">65,826,508&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="15"> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The currency composition of cash and cash equivalents
at December&nbsp;31, 2012, is as follows:</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of December&nbsp;31, 2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Chilean&nbsp;Peso&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US&nbsp;Dollar&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Euro</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Argentine<BR>Peso</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Uruguayan<BR>Peso</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Others</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,659&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">356&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,015&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Overnight deposits</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,119,358&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,119,358&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bank balances</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,813,548&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">412,941&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">303,571&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,847,635&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,701&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,411,396&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Time deposits</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,892,234&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">561,896&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,454,130&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Securities purchased under resale agreements</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">47,341,376&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">47,341,376&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">84,177,175&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">975,193&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">303,571&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">16,847,635&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">-&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">33,701&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">102,337,275&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The total accumulated cash flows paid in business combinations as of June&nbsp;30, 2013, amounts to: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="91%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">&nbsp;&nbsp;As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013</FONT></B></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total paid for business acquisitions:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amount paid in cash and cash equivalent for business acquisitions (1)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,781,907</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amount paid by changes in the ownership shares in subsidiaries (1)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,032,074</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">5,813,981</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">(1) Corresponds to additionally percentage of acquisition in VSPT
(<B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note 1</FONT></I></B><FONT STYLE="font-family:ARIAL">) and a pay of outstanding balance related to the acquisition in Manantial S.A. (<B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note
8</FONT></I></B><FONT STYLE="font-family:ARIAL">). </FONT></FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 54 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_48"></A>Note 15 Accounts receivables &#150; Trade and other receivables
</B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The accounts receivables &#150; trade and other receivables were as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;As
of<BR>&nbsp;&nbsp;December&nbsp;31,<BR>&nbsp;&nbsp;2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivables</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Beer Chile</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">16,793,645&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,240,155&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-alcoholic</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">19,948,613&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,386,073&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Spirits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">11,757,959&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,050,238&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Chile reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>48,500,217&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>74,676,466&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Argentina</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">23,311,068&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,837,015&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Uruguay</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,206,814&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Rio de la Plata reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>25,517,882&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>43,837,015&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wines</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">39,394,839&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37,944,826&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Wines reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>39,394,839&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>37,944,826&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others (1)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">24,045,333&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,353,266&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Others reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>24,045,333&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>38,353,266&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others accounts receivables</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">20,758,609&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,396,835&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impairment loss estimate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(5,987,899)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,637,538)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">152,228,981&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">204,570,870&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">1) Primarly includes Comercial CCU S.A. which makes sales multiclass on behalf of Cervecera CCU Chile, ECUSA, CPCh, VSPT and
Foods.</P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company&#146;s accounts receivable are denominated in
the following currencies:</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;As
of<BR>&nbsp;&nbsp;December&nbsp;31,<BR>&nbsp;&nbsp;2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;ThCh$</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Chilean Peso</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">88,570,083&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">128,498,015&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Argentine Peso</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">27,941,411&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,422,310&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">US Dollar</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">23,057,487&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,142,827&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Euro</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">8,577,321&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,973,740&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Unidad de Fomento</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">44,478&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">103,408&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Uruguayan Pesos</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,980,819&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others currencies</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,057,382&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,430,570&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">152,228,981&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">204,570,870&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 55 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The detail of the accounts receivable maturities as of June&nbsp;30, 2013, is as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD ROWSPAN="3" VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Current<BR>balance</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="7" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Overdue balances</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">0&nbsp;a&nbsp;3&nbsp;months&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">3&nbsp;a&nbsp;6&nbsp;months&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">6&nbsp;a&nbsp;12&nbsp;months&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">More&nbsp;than&nbsp;12&nbsp;&nbsp;<BR>months</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivables</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Beer Chile</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">16,793,645&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,186,077&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,068,005&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">562,523&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">523,138&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">453,902&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-alcoholic</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">19,948,613&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,388,204&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,023,672&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">464,512&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">376,521&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">695,704&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Spirits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">11,757,959&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,205,311&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,234,777&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56,923&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">146,459&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114,489&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Chile reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>48,500,217&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>39,779,592&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,326,454&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,083,958&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,046,118&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,264,095&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Argentina</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">23,311,068&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,804,219&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,472,381&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,008,527&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">436,849&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">589,092&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Uruguay</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,206,814&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,297,265&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">657,947&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78,269&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,783&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">140,550&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Rio de la Plata reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>25,517,882&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>19,101,484&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,130,328&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,086,796&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>469,632&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>729,642&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wines</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">39,394,839&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35,310,499&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,799,639&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">562,168&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">469,570&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">252,963&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Wines reportable segments</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>39,394,839&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>35,310,499&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,799,639&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>562,168&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>469,570&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>252,963&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others (1)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">24,045,333&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,196,535&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,110,878&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,042,973&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">421,268&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,273,679&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Other reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>24,045,333&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>18,196,535&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,110,878&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,042,973&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>421,268&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,273,679&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others accounts receivables</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">20,758,609&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,361,181&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">313,968&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83,460&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Sub Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;158,216,880&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;132,749,291&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">15,681,267&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">3,859,355&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2,406,588&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">3,520,379&nbsp;</FONT></B></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2" BGCOLOR="#ccffcc"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impairment loss estimate</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">(5,987,899)&nbsp;</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">-&nbsp;</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">(225,785)&nbsp;</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">(626,397)&nbsp;</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">(1,855,003)&nbsp;</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">(3,280,714)&nbsp;</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">152,228,981&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">132,749,291&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">15,455,482&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">3,232,958&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">551,585&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">239,665&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">1) Primarly includes Comercial CCU S.A. which makes sales multiclass on behalf of Cervecera CCU Chile, ECUSA, CPCh, VSPT
and Foods. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 56 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The detail of the accounts receivable maturities as of December&nbsp;31, 2012, is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD ROWSPAN="3" VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Current<BR>balance</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="7" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Overdue balances</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">0&nbsp;a&nbsp;3&nbsp;months&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">3&nbsp;a&nbsp;6&nbsp;months&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">6&nbsp;a&nbsp;12&nbsp;months&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">More&nbsp;than&nbsp;12&nbsp;<BR>months</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivables</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Beer Chile</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">34,240,155&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,761,325&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,561,732&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">300,944&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">366,185&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">249,969&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-alcoholic</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">27,386,073&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,680,075&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,282,518&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">543,269&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">285,845&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">594,366&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Spirits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">13,050,238&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,698,262&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,079,484&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,392&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,135&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">162,965&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Chile reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>74,676,466&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>68,139,662&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,923,734&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>898,605&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>707,165&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,007,300&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Argentina</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">43,837,015&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36,994,466&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,833,134&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">304,199&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">529,073&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">176,143&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Uruguay</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Rio de la Plata reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>43,837,015&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>36,994,466&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,833,134&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>304,199&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>529,073&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>176,143&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wines</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">37,944,826&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,384,595&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,347,028&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">804,473&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">205,511&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">203,219&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Wines reportable segments</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>37,944,826&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>32,384,595&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,347,028&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>804,473&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>205,511&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>203,219&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others (1)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">38,353,266&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,351,626&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,884,814&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">623,745&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">226,507&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,266,574&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Other reportable segment</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>38,353,266&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>31,351,626&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,884,814&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>623,745&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>226,507&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,266,574&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others accounts receivables</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">15,396,835&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,396,835&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Sub Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;210,208,408&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;184,267,184&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">18,988,710&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2,631,022&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,668,256&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2,653,236&nbsp;</FONT></B></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2" BGCOLOR="#ccffcc"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impairment loss estimate</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">(5,637,538)&nbsp;</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">-&nbsp;</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">(761,880)&nbsp;</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">(966,986)&nbsp;</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">(1,306,619)&nbsp;</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">(2,602,053)&nbsp;</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;204,570,870&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;184,267,184&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">18,226,830&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,664,036&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">361,637&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">51,183&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(1) Primarly includes Comercial CCU S.A. which makes sales multiclass on behalf of Cervecera CCU Chile, ECUSA, CPCh, VSPT
and Foods. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company markets its products through retail, wholesale clients, chains and supermarkets. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2012, the accounts receivable from the three most important supermarket chains in Chile and Argentina represent 27% (29% as of
December&nbsp;31, 2012) of the total accounts receivable. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As indicated in the Risk management note<B><I> <FONT
STYLE="font-family:ARIAL" COLOR="#339966">(Note 5)</FONT></I></B><FONT STYLE="font-family:ARIAL">, for Credit Risk purposes, the Company acquires credit insurance policies to cover approximately 90% of the accounts receivable balances. For this
reason, management estimates that it does not require establishing allowances for further deterioration, in addition to those already constituted based on an aging analysis of these balances. </FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Regarding amounts aged more than 6 months and for which no allowances have been constituted, they correspond mainly to amounts already covered by the
credit insurance policies. In addition, there are amounts overdue within ranges for which, in accordance with current policies are only partially impaired for, based on a case by case analysis. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The movement of the impairment losses provision for accounts receivable is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;<BR>2013</FONT></B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">As&nbsp;of&nbsp;December&nbsp;31,&nbsp;<BR>2012</FONT></B></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance at the beginning of year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">5,637,538&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,715,359&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impairment estimate for accounts receivable</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">730,263&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,012,996&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Uncollectible accounts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(338,364)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(883,706)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Estimates resulting from business combinations</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(9,569)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Effect of translation into presentation currency</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(31,969)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(207,111)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">5,987,899&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">5,637,538&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 57 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_49"></A>Note 16 Accounts and transactions with related companies
</B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Transactions between the Company and its subsidiaries occur in the normal course of operations and have been eliminated during the
consolidation process. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The amounts indicated as transactions in the following table relate to trade operations with related companies, which are
effected at arm&#146;s length with respect to price and payment conditions. There are no uncollectible estimates decreasing accounts receivable or guarantees provided to related companies. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Balances and transactions with related companies consist of the following: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Business operations agreed upon in Chilean Pesos. Companies not under a current trade account agreement not accrue interest and have payment terms of 30 days.
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Business operations agreed upon in Chilean Pesos. The remaining balance accrues interest at 90-days active bank rate (TAB) plus an annual spread. Interests is
paid or charged against the trade current account. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Business operations in foreign currencies, not covered by a current trade account, that do not accrue interest and have payment terms of 30 days. Balances are
presented at the closing exchange rate. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">An agreement between the subsidiary Compa&ntilde;&iacute;a Pisquera de Chile S.A. with Cooperativa Agr&iacute;cola Control Pisquero de Elqui and Limar&iacute;
Ltda. due to differences resulting from the contributions made by the latter. It establishes a 3% annual interest over capital, with annual payments to be made in eight instalments of UF 1,124 each. Begining February&nbsp;28, 2007, and UF 9,995
payment on February&nbsp;28, 2014. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">An agreement of grape supply between the subsidiary Compa&ntilde;&iacute;a Pisquera de Chile S.A. with Cooperativa Agr&iacute;cola Control Pisquero de Elqui y
Limar&iacute;a Ltda. These contracts stipulate an annual interest of 3% on the capital, with a term of eight years, with annual payments that are due on May&nbsp;31, 2018. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">An agreement between the subsidiary Compa&ntilde;&iacute;a Pisquera de Chile S.A. with Comarca S.A. related to the payment of the access fee for the
distribution of products. The pending amount is agreed at two quotes of UF 17,888. Maturities correspond to November&nbsp;2, 2012 and December&nbsp;2, 2013, respectively. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Relates to an agreement between the subsidiary Compa&ntilde;&iacute;a Pisquera de Chile S.A. with Inversiones y Asesor&iacute;as Monterroso Limitada y Otros,
related to the acquisition of 49% of the associated Compa&ntilde;&iacute;a Pisquera Bauz&aacute; S.A. The outstanding balance at June 30, 2013, corresponds to a single payment of UF 65,832 due on December&nbsp;1, 2013. </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The transaction schedule includes all the transactions made with related parties. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 58 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The detail of the accounts receivable and payable from related companies as of June&nbsp;30, 2013 and
December&nbsp;31, 2012, is as follows: </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Accounts receivable from related companies </I></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Current: </I></B></FONT></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Tax ID&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Company</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Country&nbsp;of&nbsp;origin</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Ref.&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Relationship</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Transaction</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">96,919,980-7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cervecer&iacute;a Austral S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sales of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">300.590&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">201.594&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">77,755,610-K</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Comercial Patagona Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary of Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sales of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">228.528&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">674.851&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">77,755,610-K</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Comercial Patagona Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary of Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Lease crane</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">2.308&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">970&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">99,542,980-2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sales of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">9.471&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">55.664&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">99,542,980-2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Transport service</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">341.828&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">863.022&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">99,542,980-2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(2)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Remittance received</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">6.160.927&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">4.917.438&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">99,542,980-2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(2)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Interests</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">94.023&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">91.943&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">99,542,980-2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(2)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sale services</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">192.546&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">198.925&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">99,542,980-2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Shared services</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">170.588&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">232.508&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">81,805,700-8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cooperativa Agr&iacute;cola Control Pisquero de Elqui y Limari Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase advanced</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">74.072&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">753.305&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">81,805,700-8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cooperativa Agr&iacute;cola Control Pisquero de Elqui y Limari Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">527.822&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">81,805,700-8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cooperativa Agr&iacute;cola Control Pisquero de Elqui y Limari Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(5)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Supply contract</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">UF</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">93.878&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">118.169&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">81,805,700-8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cooperativa Agr&iacute;cola Control Pisquero de Elqui y Limari Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(4)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Loan</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">UF</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">235.932&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">303.864&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">77,051,330-8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cervecer&iacute;a Kunstmann Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sales of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">50.214&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">125.980&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">0-E</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Heineken Brouwerijen B.V.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Netherlands</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(3)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Shareholders of the parent company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sales of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Euros</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">8.255&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">282.841&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">96,427,000-7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Inversiones y Rentas S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Shareholders of the parent company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sales of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">2.992&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">2.992&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">97,004,000-5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Banco de Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sales of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">142.397&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">130.031&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">79,903,790-4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Soc. Agr&iacute;cola y Ganadera Rio Negro Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sales of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">54.259&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">62.927&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">91,021,000-9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Madeco S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sales of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">3.683&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">3.177&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">92,236,000-6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Watt&#146;s S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related of Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Services Rendered</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">18.164&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">18.164&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">76,178,803-5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Vi&ntilde;a Tabal&iacute; S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">division</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">26.004&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">45.803&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">8.210.659&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">9.611.990&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Non Current:</I></B></FONT></P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Tax ID&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Company</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Country&nbsp;of&nbsp;origin&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Ref.&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Relationship&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Transaction</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">81,805,700-8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cooperativa Agr&iacute;cola Control Pisquero de Elqui y Limar&iacute; Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(5)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary Shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Supply contract</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">UF</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">382,919&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">414,115&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">382,919&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">414,115&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 59 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Accounts payable to related companies </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Current: </I></B></FONT></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Tax ID&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Company</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Country&nbsp;of&nbsp;origin</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Ref.&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Relationship</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Transaction</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">96,919,980-7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cervecer&iacute;a Austral S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">530,950&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">733,356&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">77,755,610-K</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Comercial Patagona Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary of Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Marketing services</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">29,941&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">52,134&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">99,542,980-2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Foods Compa&ntilde;&iacute;a de Alimentos CCU.S.A</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,013,366&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">433,613&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">99,542,980-2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Foods Compa&ntilde;&iacute;a de Alimentos CCU.S.A</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Rebate</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">25,031&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">101,532&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">99,542,980-2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Foods Compa&ntilde;&iacute;a de Alimentos CCU.S.A</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Consignation sales</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">582,028&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">555,608&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">81,805,700-8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cooperativa agr&iacute;cola Control Pisquero de Elqui y Limari Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(5)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Interests</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">2,481&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">2,556&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">77,051,330-8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cervecer&iacute;a Kunstmann Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">3,116&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">7,660&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">0-E</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Heineken Brouwerijen B.V.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Netherlands</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(3)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Shareholders of the parent company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">License and technical assistance</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Euros</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">5,284,416&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">4,746,235&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">0-E</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Amstel Brouwerijen BV</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Netherlands</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(3)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Shareholders of the parent company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">License and technical assistance</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Euros</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">35,794&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">76,178,803-5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Vi&ntilde;a Tabal&iacute; S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Recovery from division</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">128,985&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">192,457&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">78,105,460-7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Alimentos Nutrabien S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Parent company related</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">3,519&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">96,908,430-9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Telef&oacute;nica del Sur Servicios Intermedios S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Parent company related</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Services telephony</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">2,098&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">2,259&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">87,938,700-0</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Agroproductos Bauza y C&iacute;a Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related associate</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">28,944&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">557,862&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">76,029,691-0</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Comarca S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related associate</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Acces fee</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">UF</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,291,770&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">408,575&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">84,898,000-5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Alusa S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">2,618&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">195,701&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">76,173,468-7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Fondo de Inversi&oacute;n M allorca</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(7)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related associate</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of shares</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">UF</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,504,437&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">97,004,000-5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Banco de Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Bill services</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">3,871&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">1,260&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">76,115,132-0</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Canal 13 S.P.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Advertising</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">6,659&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">96,689,310-9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Transbank S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Comission of sale</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">4,902&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">90,160,000-7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Compa&ntilde;&iacute;a Sud Americana de Vapores S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Transportation services</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">7,477&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">92,048,000-4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sudamericana Agencias Aereas y Mar&iacute;tima S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Transportation services</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">88,395&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">99,505,690-9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Blue Two Chile S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Parent company related</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Services telephony</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">152&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">180&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">96,605,150-7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Alte S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(1)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">2,363&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">10,560,756&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">8,013,545&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Non Current:</I></B></FONT></P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Tax ID&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Company</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Country of origin</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Ref.&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Relationship</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Transaction</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">81,805,700-8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cooperativa Agr&iacute;cola Control Pisquero de Elqui y Limar&iacute; Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">(4)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of products</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CLP</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">6,262&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">6,521&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">76,029,691-0</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Comarca S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">(6)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related associate</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Access fee</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">UF</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">881,637&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">76,173,468-7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Fondo de Inversi&oacute;n Privado M allorca</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">(7)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related associate</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of shares</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">UF</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">1,503,652&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Totales</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">6,262&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2,391,810&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 60 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Most significant transactions and effects on results: </I></B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The following are the most significant transactions with related entities that are not subsidiaries of the Company and their effect on the Interim
Consolidated Statement of Income: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="4" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><FONT COLOR="#ffffff">Tax ID&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="4" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Company</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="4" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Country&nbsp;of&nbsp;origin&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="4" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Relationship&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="4" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Transaction&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="7" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">For the six months ended June&nbsp;30,</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="7" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">For the three months ended June&nbsp;30,</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Amounts</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">(Charges)/</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#ffffff">Credits<BR>(Effect on<BR>Income)</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Amounts</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">(Charges)/</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#ffffff">Credits<BR>(Effect on<BR>Income)</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Amounts</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">(Charges)/</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#ffffff">Credits<BR>(Effect on<BR>Income)</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Amounts</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">(Charges)/</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Credits<BR>(Effect on<BR>Income)</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Heineken Brouwerijen B.V.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Netherland</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Shareholders of the parent company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">License and technical assistance</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,040,751</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(1,040,751)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,150,141</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(1,150,141)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">608,366</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(608,366)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">411,567</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(411,567)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Heineken Brouwerijen B.V.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Netherland</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Shareholders of the parent company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of products</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">105,850</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">87,274</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">13,700</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">87,274</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Heineken Brouwerijen B.V.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Netherland</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Shareholders of the parent company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Billed services</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">25,797</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(25,797)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">26,247</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(26,247)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">12,999</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(12,999)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">17,624</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(17,624)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Heineken Brouwerijen B.V.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Netherland</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Shareholders of the parent company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sale of products</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">130,104</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">49,440</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">351,869</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">88,581</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">30,722</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">11,674</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">118,760</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">88,581</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Heineken Italia Spa.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Italy</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Parent company related</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of products</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">28,987</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">24,537</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">9,400</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">24,537</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Amstel Brouwerijen BV</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Netherland</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Parent company related</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">License and technical assistance</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">35,794</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(35,794)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Nestle Waters S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Italy</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Royalty paid</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">73,700</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(73,700)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">67,947</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(67,947)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">28,048</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(28,048)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">26,153</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(26,153)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">90,703,000-8</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Nestle Chile S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Paid dividends</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">2,442,310</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">3,253,214</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">536,463</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,111,067</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">77,755,610-k</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Comercial Patagona Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary of Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Marketing services</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">68,086</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(68,086)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">78,506</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(78,506)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">35,712</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(35,712)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">37,409</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(37,409)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">77,755,610-k</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Comercial Patagona Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary of Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sale of products</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">738,311</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">302,708</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">604,653</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">193,489</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">407,283</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">166,986</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">315,667</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">101,013</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">81,805,700-8</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cooperativa Agr&iacute;cola Control Pisquero de Elqui y Limar&iacute; Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Loan</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">25,670</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">13,180</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">25,670</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">13,180</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">81,805,700-8</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cooperativa Agr&iacute;cola Control Pisquero de Elqui y Limar&iacute; Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Supply contract</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">66,552</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">34,169</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">66,552</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">34,169</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">81,805,700-8</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cooperativa Agr&iacute;cola Control Pisquero de Elqui y Limar&iacute; Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of grapes</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">4,343,414</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">6,207,099</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">3,838,296</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">4,721,370</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">81,805,700-8</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cooperativa Agr&iacute;cola Control Pisquero de Elqui y Limar&iacute; Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Paid dividends</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">774,087</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">772,631</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">774,087</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">772,631</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">96,919,980-7</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cervecer&iacute;a Austral S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sale of products</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">121,133</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">78,737</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">242,266</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">77,655</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">52,158</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">33,903</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">123,346</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">77,655</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">96,919,980-7</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cervecer&iacute;a Austral S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Billed services</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">106,738</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">106,738</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">98,340</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">98,340</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">53,369</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">53,369</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">49,170</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">49,170</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">96,919,980-7</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cervecer&iacute;a Austral S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Royalty</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">22,782</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">22,782</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">23,540</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">23,540</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">11,221</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">11,221</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">12,535</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">12,535</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">96,919,980-7</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cervecer&iacute;a Austral S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Royalty</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">145,937</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(145,937)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">125,264</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(125,264)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">48,167</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(48,167)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">76,665</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(76,665)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">96,919,980-7</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cervecer&iacute;a Austral S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of products</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,419,773</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,106,923</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">783,936</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">494,337</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">96,919,980-7</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cervecer&iacute;a Austral S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Dividends received</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">13,940</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">13,940</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">97,004,000-5</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Banco de Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Carriage of valuables</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">2,939</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(2,939)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">24,533</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(24,533)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,501</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(1,501)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">12,870</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(12,870)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">97,004,000-5</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Banco de Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sale of products</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">9,759</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">7,319</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">11,086</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">3,548</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">5,181</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,747</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">5,947</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">352</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">97,004,000-5</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Banco de Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Derivatives</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">4,558,866</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">12,491</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">17,344,997</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">191,810</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,528,195</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">17,517</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">13,966,666</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">409,468</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">97,004,000-5</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Banco de Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Investments</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">10,445,000</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">59,960</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">2,848,161</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">203,845</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">12,796,848</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">39,299</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">97,004,000-5</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Banco de Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Leasing paid</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">72,537</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(13,120)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">179,661</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(71,434)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">33,512</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(6,309)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">87,372</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(61,044)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">97,004,000-5</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Banco de Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Interests</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">125,077</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(125,077)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">197,168</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(197,168)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">99,571,220-8</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Banchile Corredores de Bolsa S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Parent company related</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Investments</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">77,632,500</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">119,730</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">165,885,000</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">222,015</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">56,417,500</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">65,983</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">126,000,000</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">156,799</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">99,542,980-2</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Billed services</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,570,381</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,570,381</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,613,602</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,613,602</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">669,670</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">669,670</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">930,287</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(683,315)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">99,542,980-2</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Received services</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">81,626</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(81,626)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">111,067</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(111,067)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">65,005</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(65,005)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">99,108</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(99,108)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">99,542,980-2</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sent remittance</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">11,878,107</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">10,002,216</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">6,507,702</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">9,499,228</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">99,542,980-2</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Received remittance</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">10,550,004</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">9,859,675</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">5,668,797</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">5,657,996</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">99,542,980-2</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Joint Venture</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Consignment sales</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">6,344,260</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">5,753,696</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">3,439,317</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">4,725,282</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">76,178,803-5</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Vi&ntilde;a Tabal&iacute; S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Billed services</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">23,973</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">23,973</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">41,099</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">41,099</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">11,626</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">11,626</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">10,707</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">10,707</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">77,051,330-8</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cervecer&iacute;a Kunstmann Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Associate of subsidary</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sale of products</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">141,797</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">113,438</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">110,127</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">83,582</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">21,869</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">17,495</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">24,196</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">44,054</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">77,051,330-8</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Cervecer&iacute;a Kunstmann Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Associate of subsidary</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Billed services</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">25,527</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">25,527</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">23,295</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">23,295</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">13,586</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">13,586</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">12,111</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">12,111</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">90,081,000-8</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Compa&ntilde;&iacute;a Chilena de F&oacute;sforos S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Paid dividends</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,134,431</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,998,104</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,134,431</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,998,104</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">96,427,000-7</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Inversiones y Renta S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Paid dividends</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">35,285,513</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">37,850,647</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">22,910,944</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">25,868,922</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">96,427,000-7</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Inversiones y Renta S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subsidary shareholders</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Office rentals</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">5,058</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">5,058</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">5,800</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">5,800</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">2,534</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">2,534</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">2,947</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">2,947</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">84,898,000-5</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Alusa S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of products</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">502,404</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">599,227</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">207,074</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">261,369</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">76,115,132-0</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Canal 13 S.P.A</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Publicity</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">1,385,760</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(1,385,760)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">840,570</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(829,745)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">783,936</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(783,936)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">791,490</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(780,665)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">87,938,700-0</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Agroproductos Bauza y Cia Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related associate</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Received services</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">37,180</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(37,180)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">3,301</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(3,301)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">87,938,700-0</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Agroproductos Bauza y Cia Ltda.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related associate</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Purchase of products</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">622,839</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">211,594</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">561,273</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">195,614</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">92,048,000-4</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sudamericana Agencias Aereas y M aritima S.A.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Related to the controller</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Warehouse rental</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">15,312</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(15,312)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">23,496</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(23,496)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">10,106</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(10,106)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">9,126</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right" BGCOLOR="#ccffcc">(9,126)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 61 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Remuneration of the Management key employees </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company is managed by a Board of Directors comprised of 9 members, each of whom is in office for a 3-year term and may be re-elected. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Board was appointed at the Ordinary Shareholders&#146; Meeting held on April&nbsp;10, 2013, being elected Messrs. Andr&oacute;nico Luksic Craig,
Pablo Granifo Lav&iacute;n, Carlos Molina Sol&iacute;s, John Nicolson, Manuel Jos&eacute; Noguera Eyzaguirre, Philippe Pasquet, Francisco P&eacute;rez Mackenna, Jorge Luis Ramos Santos and Vittorio Corbo Lioi, who is independent, according to
article 50 bis of Law N&ordm; 18,046. The Chairman and the Vice Chairman, as well as the members of the Audit Committee were designated at the Board of Directors&#146; meeting held on April&nbsp;10, 2013. In the same meeting, and according to
article 50 bis of Law N&deg; 18,046, the independent Director Mr.&nbsp;Vittorio Corbo Lioi appointed the other members of the Directors Committee, which is comprised of Directors Messrs. P&eacute;rez, Pasquet and Corbo. Additionally, Messrs. Corbo
and Pasquet were designated as members of the Audit Committee, both meeting the independence criteria under the Securities Exchange Act of 1934, the Sarbanes-Oxley Act of 2002 and the New York Stock Exchange Rules. The Board of Directors also
resolved that Directors Messrs. P&eacute;rez and Ramos shall participate in the Audit Committee&#146;s meetings as observers. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As agreed to at the
Ordinary Shareholders&#146; Meeting referred to above, the Directors&#146; remuneration consists of a per diem for their attendance at each meeting of UF 100&nbsp;per Director, and UF 200 for the Chairman, plus an amount equivalent to 3% of the
distributed dividends, for the whole Board, at a rate of one-ninth for each Director and in proportion to the time each one served as such during the year 2013. If the distributed dividends exceed 50% of the net profits, the Board of Directors&#146;
share shall be calculated over a maximum 50% of such profits. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Those Directors that are members of the Directors Committee receive a remuneration per
diem of UF 34 for each meeting they attend, plus the amount that, as the percentage of the dividends, is required to complete one third of the total remuneration a Director is entitled to, pursuant to article 50 bis of Law N&ordm; 18,046 and
Circular Letter N&deg; 1956 of the SVS. On the other hand, Directors that are members of the Business Committee receive a remuneration per diem of UF 17, for each meeting they attend. Directors that are members of the Audit Committee receive a
monthly remuneration of UF 25. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">According to the above, as of June&nbsp;30, 2013, the Directors received ThCh$ 2,165,932 (ThCh$ 2,309,833 at
June&nbsp;30, 2012) in per diems and shares. In addition, ThCh$ 59,530 (ThCh$ 65,048 at June&nbsp;30, 2012) were paid in compensation for gains sharing to the main executives of the Parent Company. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The following is the total remuneration received by the top officers of the Parent Company during the six months ended June&nbsp;30, 2013 and 2012: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Salaries</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,628,112&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,480,542&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Employees&#146; short-term benefits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,092,786&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,640,152&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Employments termination benefits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">205,076&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">4,720,898&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">4,325,770&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company grants annual discretionary and variable bonuses, to the top officers, which are not subject to an agreement
and are decided on the basis of the compliance with individual and corporate goals and depending on the year results. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 62 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_50"></A>Note 17 Inventories </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The inventory balances were as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2013</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of<BR>December&nbsp;31,&nbsp;&nbsp;<BR>2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Finished products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">42,152,220&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,370,659&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">In process products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">423,206&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,554,265&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Agricultural development</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">416,130&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,708,096&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Raw materials</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">111,492,066&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84,933,883&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">In transit raw materials</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,737,455&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,943,443&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Materials and inputs</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,661,932&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,654,938&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Realizable net value and obsolescence estimate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(1,444,761)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,254,312)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">160,438,248&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">141,910,972&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company wrote off a total of ThCh$ 243,568 and ThCh$ 731,034 relating to inventory shrinkage and obsolescence for the
six months ended June&nbsp;30, 2013 and 2012, respectively. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Additionally, an estimate for obsolescence inventories include amounts related to low
turnover, technical obsolescence and product recalls from the market. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Movement of Realizable net value and obsolescence estimate is as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As of</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">December&nbsp;31,&nbsp;&nbsp;<BR>2012</FONT></B></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance at the beginning of year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(1,254,312)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,873,003)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Inventories write-down estimate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(873,343)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(749,880)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Inventories recognised as an expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">682,837&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,363,912&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">57&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,659&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(1,444,761)&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(1,254,312)&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013 and December&nbsp;31, 2012, the Company does not have any inventory pledged as a guarantee
againts financial obligations. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 63 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_51"></A>Note 18 Other non-financial assets </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company maintained the following other non-financial assets: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of&nbsp;&nbsp;<BR>December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Insurance paid</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">760,148&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,215,419&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Advertising</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">5,325,264&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,917,892&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Advances to suppliers</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">9,857,707&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,490,281&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Guarantees paid</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">237,373&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">209,874&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Consumables</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">508,311&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">415,341&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Dividends receivable</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">33,732&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,806&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Recoverable taxes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,307,268&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,141,762&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cost of subsidiaries acquired (1)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">11,772,317&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,019,207&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,152,586&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,192,193&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">30,954,706&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">39,615,775&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">15,239,913&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,376,293&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non current</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">15,714,793&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,239,482&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">30,954,706&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">39,615,775&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">(1) <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>See Note 8</I></B></FONT><FONT STYLE="font-family:ARIAL">.
</FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_52"></A>Note 19 Investments accounted for by the equity method </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#003300"><B>Joint ventures </B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of
June&nbsp;30, 2013 and December&nbsp;31, 2012, the Company recorded investments qualifying as joint venture, in accordance with IFRS 11. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The share
value of the investments in joint ventures is as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of&nbsp;&nbsp;<BR>December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cervecer&iacute;a Austral S.A. (1)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,747,540&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,701,516&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A. (2)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">12,556,985&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,624,875&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">17,304,525&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">17,326,391&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 64 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The above mentioned values include the goodwill generated through the acquisition of the following
joint ventures, which are presented net of any impairment loss: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of&nbsp;&nbsp;<BR>December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cervecer&iacute;a Austral S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,894,770&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,894,770&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,894,770&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,894,770&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="9"> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The results accrued in joint ventures are as
follows:</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;&nbsp;<BR>June&nbsp;30,&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For&nbsp;the&nbsp;three&nbsp;months&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">ended June&nbsp;30,&nbsp;&nbsp;</FONT></B></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cervecer&iacute;a Austral S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">66,042&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,011&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(4,422)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(30,041)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(67,890)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(165,589)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">27,024&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(77,831)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(1,848)&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(120,578)&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">22,602&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(107,872)&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="9"> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Changes in investments in joint ventures during such
periods are as follows:</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of&nbsp;&nbsp;<BR>December&nbsp;31,&nbsp;&nbsp;<BR>2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance at the beginning of year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">17,326,391&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,518,920&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Participation in the joint ventures (loss)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(1,848)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(177,107)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Dividends received</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(19,810)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14,966)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other changes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(208)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(456)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">17,304,525&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">17,326,391&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 65 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Following are the significant matters regarding the investments accounted by the equity method: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>(1) Cervecer&iacute;a Austral S.A. </I></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">A closed stock company that operates a beer manufacturing facility in the southern end of Chile, being the southernmost brewery in the world. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B><I>(2) Foods Compa&ntilde;&iacute;a de Alimentos CCU S.A</I></B>. <B><I> </I></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">A closed stock company devoted to the production and marketing of food products such as like cookies and other baked goods, caramels, candy and cereal,
among others. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The summarized financial information of these companies as of June&nbsp;30, 2013 and December&nbsp;31, 2012, appears in detail in
<B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note 7</FONT></I></B><FONT STYLE="font-family:ARIAL">. </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company does not have any
contingent liabilities related to joint ventures and associates as of June&nbsp;30, 2013. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 66 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_53"></A>Note 20&nbsp;&nbsp;Intangible Assets (net) </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The intangible assets movement during the year ended as of December&nbsp;31, 2012 and for the six months ended as of June&nbsp;30, 2013, was as follows:
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">&nbsp;Trademarks&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Software</FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">programs</FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">&nbsp;Water&nbsp;rights&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Distribution&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">rights&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#ffffff">Total</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD></TR>


<TR>
<TD HEIGHT="8" COLSPAN="11"></TD></TR>
<TR>
<TD COLSPAN="11" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of January&nbsp;1, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,803,939</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,897,302</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">704,968</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">519,200</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72,925,409</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accumulated amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12,793,956)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(129,801)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12,923,757)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">53,803,939</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">5,103,346</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">704,968</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">389,399</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">60,001,652</FONT></B></TD></TR>
<TR>
<TD HEIGHT="5" COLSPAN="11"></TD></TR>
<TR>
<TD COLSPAN="11" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of December&nbsp;31, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Additions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,105</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,246,204</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">181,178</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">169,664</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,602,151</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Additions by business combination</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">403,805</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">403,805</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency exchange differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26,252)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26,252)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,313,253)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(245,989)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,559,242)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,636,012)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(116,135)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,752,147)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51,576,837</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,920,162</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;886,146</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286,822</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,669,967</FONT></B></TD></TR>
<TR>
<TD HEIGHT="5" COLSPAN="11"></TD></TR>
<TR>
<TD COLSPAN="11" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of January&nbsp;1, 2013</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,576,837</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,994,522</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">886,146</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">649,620</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73,107,125</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accumulated amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14,074,360)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(362,798)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14,437,158)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">51,576,837</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">5,920,162</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">886,146</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">286,822</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">58,669,967</FONT></B></TD></TR>
<TR>
<TD HEIGHT="5" COLSPAN="11"></TD></TR>
<TR>
<TD COLSPAN="11" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Additions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">944,342</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">944,342</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency exchange differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,042</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,042</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(774,572)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(127,419)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(901,991)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(393,041)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(17,297)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,934)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(416,272)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">51,183,796</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">6,072,635</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">886,146</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">154,511</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">58,297,088</FONT></B></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="11"></TD></TR>
<TR>
<TD COLSPAN="11" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,183,796</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,912,031</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">886,146</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">671,217</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73,653,190</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accumulated amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14,839,396)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(516,706)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15,356,102)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">51,183,796</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">6,072,635</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">886,146</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">154,511</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">58,297,088</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">There are no restriction or any pledge against on intangible assets. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 67 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The detail of the Trademarks appears below: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="54%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Segment</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Cash Generating
Unit</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2013&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">&nbsp;&nbsp;As&nbsp;of&nbsp;December&nbsp;31,&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2012&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">(CGU)</FONT></B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="7" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Embotelladoras Chilenas Unidas S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">16,515,358</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,515,358</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Chile</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Pisquera de Chile S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">3,966,692</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,966,692</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Cerveceria Kunstmann S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">286,519</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">286,519</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Subtotal</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc"><B>20,768,569</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>20,768,569</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">R&iacute;o de la Plata</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Argentina S.A. and subsidarias</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">10,666,584</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,059,196</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Subtotal</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc"><B>10,666,584</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,059,196</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wines</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Vi&ntilde;a San Pedro Tarapac&aacute; S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">19,748,643</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,749,072</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Subtotal</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc"><B>19,748,643</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>19,749,072</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="7" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">51,183,796</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">51,576,837</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Management has not identified any evidence of impairment of intangible assets. Respect to trademarks with indefinite
useful life, used the same methodology which is designated in <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note 21</FONT></I></B><FONT STYLE="font-family:ARIAL; font-size:9pt">. </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_54"></A>Note 21&nbsp;&nbsp;Goodwill </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The goodwill movements during the year ended as of December&nbsp;31, 2012 and for the six months ended as of June&nbsp;30, 2013, was as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="14%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR>
<TD HEIGHT="5" COLSPAN="5"></TD></TR>
<TR>
<TD COLSPAN="5" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of January&nbsp;1, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73.816.817</TD></TR>
<TR>
<TD HEIGHT="5" COLSPAN="5"></TD></TR>
<TR>
<TD COLSPAN="5" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">73.816.817</FONT></B></TD></TR>
<TR>
<TD HEIGHT="5" COLSPAN="5"></TD></TR>
<TR>
<TD COLSPAN="5" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of December&nbsp;31, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3.761.448)</TD></TR>
<TR>
<TD COLSPAN="5" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">70.055.369</FONT></B></TD></TR>
<TR>
<TD HEIGHT="5" COLSPAN="5"></TD></TR>
<TR>
<TD COLSPAN="5" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of December&nbsp;31, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70.055.369</TD></TR>
<TR>
<TD COLSPAN="5" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">70.055.369</FONT></B></TD></TR>
<TR>
<TD HEIGHT="5" COLSPAN="5"></TD></TR>
<TR>
<TD COLSPAN="5" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Additions by business combination</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.860.448</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(565.672)</TD></TR>
<TR>
<TD COLSPAN="5" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">76.350.145</FONT></B></TD></TR>
<TR>
<TD HEIGHT="5" COLSPAN="5"></TD></TR>
<TR>
<TD COLSPAN="5" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">76.350.145</TD></TR>
<TR>
<TD COLSPAN="5" VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">76.350.145</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">There are no restrictions or pledges against on goodwill. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 68 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Goodwill from investments acquired in business combinations is assigned as of the acquisition date to
the Cash Generating Units (CGU), or group of CGUs that it is expected will benefit from the business combination synergies. The book value of the goodwill of the investments assigned to the CGUs inside the Company segments are: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Segment</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Cash Generating Unit</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;As&nbsp;of&nbsp;June&nbsp;30,&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2013</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As of</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;December&nbsp;31,&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2012</FONT></B></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(CGU)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="7" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Chile</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Embotelladoras Chilenas Unidas S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">9,083,766</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,083,766</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Pisquera de Chile S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">12,664,795</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,664,795</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Subtotal</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>21,748,561</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>21,748,561</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">R&iacute;o de la Plata</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Argentina S.A. and subsidiaries</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">15,340,870</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,906,542</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Marzurel S.A., Coralina S.A. and Milotur S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">6,860,448</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Subtotal</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>22,201,318</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,906,542</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wines</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Vi&ntilde;a San Pedro Tarapac&aacute; S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">32,400,266</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,400,266</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Subtotal</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>32,400,266</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>32,400,266</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="7" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">76,350,145</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">70,055,369</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Goodwill assigned to the CGU is submitted to impairment tests annually or with a higher frequency in case there are
indications that any of the CGU could experience impairment. The recoverable amount of each CGU is determined as the higher of value in use or fair value less costs to sell. To determine the value in use, the Company has used cash flow projections
over a 5-year span, based on the budgets and projections reviewed by the Management for the same term. The rates used to discount the projected cash flows reflect the market assessment of the specific risks related to the corresponding CGU. The
discount rates used range from a 9.5% to 13.1%. Given the materiality of the amounts involved, it was not considered relevant to describe additional information in this Note. A reasonable change in assumptions would not result in an impairment to
goodwill. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company has not identified any evidence of impairment of goodwill. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 69 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_55"></A>Note 22&nbsp;&nbsp;Property, plant and equipment </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The movement of Property, plant and equipment as of December&nbsp;31, 2012 and for the six months ended as of June&nbsp;30, 2013, is as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="30%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;Land,&nbsp;buildings&nbsp;&nbsp;<BR>&nbsp;and&nbsp;contruction&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Machinery&nbsp;and&nbsp;&nbsp;<BR>equipment&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Bottles and&nbsp;&nbsp;<BR>containers&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Other&nbsp;Equipment&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Assets&nbsp;under&nbsp;&nbsp;<BR>contruction&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Furniture,&nbsp;&nbsp;&nbsp;<BR>accesories&nbsp;and&nbsp;&nbsp;&nbsp;<BR>vehicles&nbsp;&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of January&nbsp;1, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">389,954,196</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">314,689,832</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218,150,451</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81,945,267</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,585,886</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,107,349</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,113,432,981</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accumulated depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(104,217,805)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(207,366,274)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(153,567,302)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(62,294,696)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(29,037,794)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(556,483,871)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">285,736,391</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">107,323,558</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">64,583,149</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">19,650,571</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">68,585,886</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">11,069,555</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">556,949,110</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of December&nbsp;31, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Additions</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">121,137,075</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">121,137,075</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,810,365)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,712,101)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,090,326)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,008,854)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(270,283)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(313,338)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(21,205,267)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Transfers</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,887,286</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,216,194</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,083,821</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,471,882</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(120,193,483)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,534,300</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Write off (cost)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(71,137)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,107,960)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(32,227,938)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(580,359)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(302,267)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(34,289,661)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Write off (depreciation)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,956</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">945,234</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,727,772</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111,977</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">281,107</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,115,046</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Diversitures (cost)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(53,503)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(60,643)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(60,288,170)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(99,728)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(276,675)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(60,778,719)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Diversitures (depreciation)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,226</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78,566</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60,297,753</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">356,927</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">195,404</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60,969,876</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other movements</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(64,038)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(160,944)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(198)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">505,291</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,449)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">271,662</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,261,939)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15,940,607)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14,186,201)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,797,347)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,862,452)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(51,048,546)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">627,942</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,083,294</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,921,757</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,318,908</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">256,184</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,208,085</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">319,080,819</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">116,664,591</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">67,821,419</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">24,423,977</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">69,764,486</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">14,573,369</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">612,328,661</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of December&nbsp;31, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">432,775,457</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">326,588,382</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">136,425,774</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">89,315,579</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69,764,486</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,695,394</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,101,565,072</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accumulated depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(113,694,638)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(209,923,791)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(68,604,355)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(64,891,602)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(32,122,025)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(489,236,411)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">319,080,819</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">116,664,591</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">67,821,419</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">24,423,977</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">69,764,486</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">14,573,369</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">612,328,661</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Additions</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,435,899</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,435,899</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Additions by business combination (cost)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,279,929</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,061,102</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,513</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,588</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">128,509</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,525,641</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Additions by business combination (depreciation)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(61,563)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(115,894)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(29,340)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(81,230)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(288,027)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(937,768)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,343,410)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,126,385)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(417,131)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(307,023)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(48,477)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,180,194)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Transfers</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,572,620</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,052,115</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,738,426</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,916,831</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(61,982,146)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,702,154</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Diversitures (cost)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,793,253)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(683,830)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(820,146)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(268,739)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,565,968)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Diversitures (depreciation)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,784,263</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">620,611</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">818,476</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">178,997</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,402,347</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Write off (cost)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(51,188)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(59,241)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19,318)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(184,894)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(314,641)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Write off (depreciation)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,723</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56,494</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,312</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184,480</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">302,009</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other movements</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(409,818)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">341,214</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">773,552</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(29)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">380,120</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">669,415</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,754,454</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,836,951)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,110,369)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,137,399)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,997,316)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,658,609)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(28,740,644)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">117,765</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">600,093</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">414,547</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">256,224</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,832</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,431,461</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">338,795,568</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">129,137,705</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">72,430,448</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">26,198,134</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">56,291,336</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">15,237,807</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">638,090,998</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">457,964,615</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">343,405,571</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">149,129,067</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93,040,902</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56,291,336</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,682,842</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,149,514,333</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accumulated depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(119,169,047)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(214,267,866)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(76,698,619)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(66,842,768)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(34,445,035)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(511,423,335)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">338,795,568</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">129,137,705</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">72,430,448</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">26,198,134</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">56,291,336</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">15,237,807</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">638,090,998</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 70 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The balance of the land at the end of each period is as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of<BR>&nbsp;December&nbsp;31,&nbsp;<BR>2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Land</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">161,496,158</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159,540,967</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">161,496,158</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">159,540,967</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Capitalized interest as of June&nbsp;30, 2013, amount to ThCh$ 373,441 (ThCh$ 109,533 at December&nbsp;31, 2012). </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Due to the nature of the Company&#146;s businesses, the asset values do not consider an estimate for the cost of dismantling, withdrawal or
rehabilitation. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company does not maintain pledges or restrictions over property, plant and equipment items, except for the land and building
under finance lease. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Management has not seen any evidence of impairment of Property, plant and equipment in 2013. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Assets under finance lease: </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The book value of land and buildings relates to finance lease agreements for the parent company and subsidiaries. Such assets will not be owned by the
Company until the corresponding purchase options are exercised. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of<BR>&nbsp;December&nbsp;31,&nbsp;<BR>2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Land</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">2,352,243</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,334,256</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Buildings</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">9,870,248</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,879,018</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Machinery and equipment</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">911,258</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">938,508</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">13,133,749</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">13,151,782</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify"><B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note 27, letter b)</FONT></I></B><FONT STYLE="font-family:ARIAL">
includes the detail of the lease agreements, and it also reconciles the total amount of the future minimum lease payments and their current value as regards such assets, the purchase options originated at Compa&ntilde;&iacute;a Cervecera Kunstmann
S.A. and CCU S.A. </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 71 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_56"></A>Note 23&nbsp;&nbsp;Investment Property </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Changes in the movement of the investment property during the year ended of December&nbsp;31, 2012 and for the six months ended as of June&nbsp;30, 2013,
are as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Lands&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Buildings&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of January&nbsp;1, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,059,899</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">713,568</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,773,467</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(52,892)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(52,892)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">7,059,899</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">660,676</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">7,720,575</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of December&nbsp;31, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Additions</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,874</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,874</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Divestitures</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(417,977)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(417,977)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41,546)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41,546)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(602,927)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(114,953)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(717,880)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">6,038,995</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">521,051</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">6,560,046</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of December&nbsp;31, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,038,995</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">608,015</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,647,010</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accumulated depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(86,964)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(86,964)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">6,038,995</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">521,051</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">6,560,046</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20,608)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20,608)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect (cost)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(90,672)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(27,574)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(118,246)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect (depreciation)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,071</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,071</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">5,948,323</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">483,940</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">6,432,263</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,948,323</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">580,441</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,528,764</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accumulated depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(96,501)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(96,501)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">5,948,323</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">483,940</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">6,432,263</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Investment property includes nineteen lands properties situated in Chile, which are maintained for appreciation purposes,
with three of them being leased and generating ThCh$ 2,058 revenue during the six months ended June&nbsp;30, 3013 (ThCh$ 2,029 at June&nbsp;30, 2012). Additionally, there are three lands in Argentina, which are leased and generated an income for
ThCh$ 44,505 for the six months ended June&nbsp;30, 2013 (ThCh$ 43,689 at June&nbsp;30, 2012). In addition, the expenses associated with such investment properties amount to ThCh$ 75,012 for the six months ended June&nbsp;30, 2013 (ThCh$ 70,721 at
June&nbsp;30, in 2012). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The values associated to the investment properties maintained by the Company are valued at market value for properties with
the same characteristics. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Management has not seen any evidence of impairment of Investment property. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company does not maintain any pledge or restriction over investment property items. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 72 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_57"></A>Note 24&nbsp;&nbsp;Assets of disposal group held for sale
</B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">During the last quarter of 2009, the Board of Tamar&iacute; S.A. (merged with Finca la Celia S.A. as of April&nbsp;1, 2011) authorized
the sale of fixed assets which includes the winery with facilities for processing and storage of wines as well as of acres that surround it and the guest house. This decision is based primarily on the advantage of consolidating the operations of
processing and packaging of wines from the Wine Group subsidiaries VSPT facilities in Finca La Celia, generating significant synergies for the Group. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">During 2010, the Company hired a specialist broker for such assets. Subsequently, on December&nbsp;13, 2011, a sales reservation contract was signed for
all of the assets, which expected to occur during 2013. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As described in <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note
2.17</FONT></I></B><FONT STYLE="font-family:ARIAL">, non-current assets held for sale have been recorded at the lower of book value and estimated sale value June&nbsp;30, 2013. </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">At June&nbsp;30, 2013 and December&nbsp;31, 2012, the items of assets held for sale are the following: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Assets of disposal group held for sale</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;&nbsp;<BR>December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Land</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">98,076</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101,686</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Construction</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">180,467</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">187,110</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Machinerys</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">119,150</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">123,536</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="5" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">397,693</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">412,332</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_58"></A>Note 25&nbsp;&nbsp;Biological Assets </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company, through its subsidiaries Vi&ntilde;a San Pedro Tarapac&aacute; S.A., has biological assets corresponding to vines that produce grapes. The
vines are segmented into those under formation and those under production, and they are grown both on leased and owned land. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The grapes harvested
from these vines are used in the manufacturing of wine, which is marketed both in the domestic market and abroad. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013, the
Company maintained approximately 4,352, of which 3,685 hectares are for vines in production stage. Of the total hectares mentioned above, 3,381 correspond to own land and 304 to leased land. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The vines under formation are recorded at historic cost, and only start being depreciated when they are transferred to the production phase, which occurs
in the majority of cases in the third year after plantation, when they start producing grapes commercially (in volumes that justify their production-oriented handling and later harvest). </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">During 2013, the production plant vines yield approximately 54.1&nbsp;million kilos of grapes (49.1 million kilos of grapes in 2012). </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As part of the risk administration activities, the subsidiaries use insurance agreements for the damage caused by nature or other to their biological
assets. In addition, either productive or under formation vines are not affected by title restrictions of any kind, nor have they been pledged as a guarantee for financial liabilities. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">For production vines depreciation is carried out on a linear basis and it is based on the 25-years estimated production useful life, which is
periodically assessed. Vines under formation are not depreciated until they start production. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The costs incurred for acquiring and planting new
vines are capitalized. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company uses the amortized historical cost to value its biological assets, the basis that management considers that it
represents a reasonable approximation to fair value. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">There is no evidence of impairment on the biological assets held by the Company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 73 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The movement of biological assets during the year ended December&nbsp;31, 2012 and for the six months
ended as of June&nbsp;30, 2013 is as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap STYLE="ARIAL; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap STYLE="ARIAL; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap STYLE="ARIAL; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Biological Assets</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Under<BR>Production<BR>Vines</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Training<BR>vines</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD></TR>


<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD COLSPAN="12" VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of January&nbsp;1, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,199,489</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,527,420</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,726,909</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accumulated depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,406,361)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,406,361)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">15,793,128</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">2,527,420</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">18,320,548</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD></TR>
<TR>
<TD HEIGHT="5" COLSPAN="13"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD COLSPAN="12" VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of December&nbsp;31, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Additions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,276,099</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,276,099</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost conversion effects</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(218,127)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">262</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(217,865)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Transfers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,150,541</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,150,541)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Divestitures (Cost)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(762,000)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(762,000)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Divestitures (Depreciation)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">505,134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">505,134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,100,077)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,100,077)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Depreciation conversion effect</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83,374</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83,374</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">16,451,973</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">1,653,240</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">18,105,213</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD></TR>
<TR>
<TD HEIGHT="5" COLSPAN="13"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD COLSPAN="12" VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of December&nbsp;31, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,369,903</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,653,240</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,023,143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accumulated depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,917,930)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,917,930)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="5" COLSPAN="13"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD COLSPAN="12" VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">16,451,973</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">1,653,240</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">18,105,213</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD></TR>
<TR>
<TD HEIGHT="5" COLSPAN="13"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD COLSPAN="12" VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Additions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">270,777</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">270,777</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost conversion effect</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14,660)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14,660)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(572,467)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(572,467)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Depreciation conversion effect</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,943</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,943</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">15,878,789</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">1,924,017</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">17,802,806</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD></TR>
<TR>
<TD HEIGHT="5" COLSPAN="13"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD COLSPAN="12" VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Historic cost</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,355,243</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,924,017</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,279,260</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accumulated depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12,476,454)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12,476,454)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Book Value</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">15,878,789</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">1,924,017</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">17,802,806</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 74 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_59"></A>Note 26&nbsp;&nbsp;Income taxes and deferred taxes </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Tax accounts receivable </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The detail of the taxes receivables is the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of&nbsp;<BR>December&nbsp;31,&nbsp;<BR>2012&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="5" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Refundable tax previous year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">708,913</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">695,685</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Taxes under claim</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">5,007,468</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,766,969</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Argentine tax credit</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">2,197,525</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,461,371</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Monthly provisions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">7,818,406</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,492,831</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Payment of absorbed profit provision</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,037</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other credits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">351,254</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,837,937</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="5" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">16,083,566</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">19,287,830</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Taxes accounts payable</I></B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The detail of taxes payable taxes is as follows:</P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of&nbsp;<BR>December&nbsp;31,&nbsp;<BR>2012&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="5" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Chilean income taxes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">8,947,112</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,580,692</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Monthly provisional payments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,909,521</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Chilean unique taxes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">25,493</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,343</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Estimated Argentine minimum gain subsidiaries taxes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">431,428</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">495,328</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#ccffcc">2,844</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,838</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="5" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">9,406,877</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">7,096,722</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 75 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Tax expense </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The detail of the income tax and deferred tax expense for the six and the three months ended June&nbsp;30, 2013 and 2012, is as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;For&nbsp;the&nbsp;six&nbsp;months&nbsp;eded&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">June&nbsp;30,&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;For&nbsp;the&nbsp;three&nbsp;months&nbsp;ended&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="9" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income as per deferred tax related to the origin and reversal of temporary differences</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(3,221,129)</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,539,074)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(2,149,107)</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,431,404)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Prior year adjustments (2)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">7,140,232</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(677,397)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">7,167,633</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(677,397)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Effect of change in tax rates (1)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(973,679)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(388,642)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Tax benefits (loss)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">820,677</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,672,579</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(229,541)</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,323,293</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="9" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total deferred tax expense</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>4,739,780</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>(517,571)</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>4,788,985</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>(2,174,150)</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="9" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current tax expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(14,012,266)</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13,111,167)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(2,617,012)</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,357,821)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Prior period adjustments (2)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(4,450,938)</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(197,298)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(4,447,593)</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,702</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="9" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">(Loss) Income from income tax</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;(13,723,424)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;(13,826,036)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(2,275,620)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(4,504,269)</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(1) At June&nbsp;30, 2012, the charge amount recorded for ThCh$ 973,679 is related to a change in tax rate, based on a
modified tax law in Chile. This change in tax rate at the beginning was temporary, and raises the rate from 17% to 20% for the year 2011 and 18.5% for the year 2012, returning to 17% in 2013. Subsequently, on September&nbsp;27, 2012, published the
Law N&deg; 20,630, so-called Tax Reform, which changes the tax rate, of a permanent nature of 20% for First Category Tax, from the commercial fiscal year 2012. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(2) Mainly related to a one-time effect caused by a deferred tax provision reversal related to deposits for returns of bottles and containers provision.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The deferred taxes related to items charged or credited directly to Interim Consolidated Statement of Comprehensive Income are as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;&nbsp;&nbsp;&nbsp;<BR>June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;For&nbsp;the&nbsp;three&nbsp;months&nbsp;ended&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="9" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net income from cash flow hedge</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(54,862)</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,750</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(47,720)</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(67,462)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Actuarial gains and losses deriving from defined benefit plans</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">14,882</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">9,097</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD COLSPAN="9" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Charge to equity</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(39,980)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">27,750</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(38,623)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(67,462)</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 76 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Effective Rate </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company&#146;s income tax expense as of June&nbsp;30, 2013 and 2012, represents 18.8% and 20.1%, respectively of income before taxes. The following
is reconciliation between such effective tax rate and the statutory tax rate valid in Chile. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="7" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">For the six months ended June&nbsp;30,</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="7" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">For the three months ended June&nbsp;30,</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2013</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">2012</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Rate&nbsp;&nbsp;&nbsp;%&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Rate&nbsp;&nbsp;&nbsp;%&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">Rate&nbsp;&nbsp;&nbsp;%&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT COLOR="#ffffff">ThCh$</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Rate&nbsp;&nbsp;&nbsp;%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income before taxes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">73,002,737</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,871,932</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">19,452,850</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,467,175</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income tax using the statutory rate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(14,600,547)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">20.0</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12,741,307)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">18.5</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(3,890,570)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">20.0</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,231,427)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">18.5</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Adjustments to reach the effective rate</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income not taxable (non-deductible expenses) net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(2,203,171)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">3.0</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,808,988</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(2.6)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(2,441,711)</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">12.6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(752,135)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.3</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Effect of change in tax rate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">0.0</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(973,679)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1.4</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">0.0</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(388,642)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2.2</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Effect of tax rates in Argentina and Uruguay</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">390,999</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">(0.5)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,045,343)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1.5</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,336,621</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">(6.9)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">517,630</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(3.0)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Prior year adjustments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,689,295</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">(3.7)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(874,695)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1.3</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,720,040</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">(14.0)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(649,695)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3.7</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Income tax, as reported</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(13,723,424)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">18.8</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffff00">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(13,826,036)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">20.1</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(2,275,620)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">11.7</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(4,504,269)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">25.7</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Deferred taxes </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Deferred tax assets and liabilities included in the Balance Sheet were as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2013&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As
of&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">December&nbsp;31,&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2012&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Deferred tax assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accounts receivable impairment provision</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,142,144</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,193,280</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Employee benefits and other non taxable expenses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,281,363</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,888,543</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Inventory impairment provision</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">260,460</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">242,161</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Severance indemnity</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,939,626</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,682,314</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Inventory valuation</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,998,546</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,808,015</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative agreements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">148,039</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amortization of intangibles</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,049,281</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,223,554</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">5,643,268</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,671,004</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Tax loss carryforwards</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">8,299,868</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,938,009</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets from deferred taxes</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>25,614,556</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>23,794,919</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Deferred taxes liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fixed assets depreciation</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">32,614,576</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,834,507</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deposit for bottles and containers</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">879,020</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,486,052</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Capitalized software expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,042,958</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,010,358</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Agricultural operation expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">3,555,369</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,992,253</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative agreements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">165,212</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,954</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manufacturing indirect activation costs</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,717,238</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,768,651</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Intangibles</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,875,285</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,794,841</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Land</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">25,719,958</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,004,586</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">464,437</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">569,739</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total liabilities from deferred taxes</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>72,034,053</B></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>74,495,941</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(46,419,497)</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(50,701,022)</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">No deferred taxes have been recorded for the temporary differences between the taxes and accounting value generated by
investments in subsidiaries; consequently deferred tax is not recognized for the Translation Adjustments or investments in Joint Ventures. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In
accordance with current tax laws in Chile, taxable losses do not expire and can be applied indefinitely. Regarding Argentina, taxable losses expire after 5 years. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 77 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="90%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Analisys of the deferred tax movement during the year</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Deferred&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Taxes&nbsp;&nbsp;</FONT></B></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of January&nbsp;1, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#8ec73f"><B>(41,111,913)</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deferred taxes from tax loss carryforwards absortion</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,261,415)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,447,799</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deferred taxes against equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">189,525</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other deferred movements taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,982</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Charge</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>(9,589,109)</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">As of December&nbsp;31, 2012</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(50,701,022)</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deferred taxes from business combinations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(647,093)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Charge to income tax deferred</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,739,780</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">199,941</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deferred taxes against equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(39,980)</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other deferred movements taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,877</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Charge</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#8ec73f"><B>4,281,525</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">(46,419,497)</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_60"></A>Note 27 Other financial liabilities </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Debts and financial liabilities classified based on the type of obligation and their classification in the interim consolidated balance sheet is as
follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2013&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">December&nbsp;31,&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2012&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bank borrowings (*)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">95,543,145</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81,963,852</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bonds payable (*)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">151,451,779</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152,835,990</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Financial leases obligations (*)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">16,294,429</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,479,152</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deposits for return of bottles and containers</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">10,472,614</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,861,158</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivatives (**)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">505,224</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">495,012</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Liability coverage (**)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">579,175</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">361,838</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">274,846,366</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">263,997,002</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">129,219,446</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,874,267</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non current</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">145,626,920</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">209,122,735</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">274,846,366</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">263,997,002</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">&nbsp;(*)&nbsp;&nbsp;See <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>Note 5</I></B></FONT><FONT
STYLE="font-family:ARIAL">. </FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">(**) See <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>Note
6</I></B></FONT><FONT STYLE="font-family:ARIAL">. </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 78 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


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</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The maturities and interest rates of such obligations are as follows: </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B><I>As of June&nbsp;30, 2013: </I></B></P>
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<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="22" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Undiscounting amounts according to maturity</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Interest&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Rate&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Debtor&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Tax&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ID&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Company&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Debtor&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">country&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Lending&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">party&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Tax&nbsp;ID&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Creditor&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">name&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Creditor&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">country&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">0&nbsp;to&nbsp;3&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">months&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">3&nbsp;months&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">1&nbsp;year&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">1&nbsp;year&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;&nbsp;<BR>3&nbsp;years&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">3&nbsp;years&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">5 years&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">5&nbsp;years&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Amortization&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">rate&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">%&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" COLSPAN="3" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL; ">Bank borrowings</P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Santader&nbsp;RIO</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">460,427</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">460,427</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Santader&nbsp;RIO</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102,381</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102,381</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Supervielle</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">127,181</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">127,181</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Supervielle</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,431</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,431</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Supervielle</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Fondo para la Transformaci&oacute;n y Crec.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,358</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,358</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Semiannual</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Patagonia</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">801,861</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">801,861</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Patagonia</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">124,327</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">124,327</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Patagonia</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">174,128</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">174,128</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Patagonia</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75,302</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75,302</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,667</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,667</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,667</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,667</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,667</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,667</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Industrial</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">139,633</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">139,633</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">BBVA</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">569,274</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">569,274</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Fondo para la Transformaci&oacute;n y Crec.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,309</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,309</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Semiannual</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>91.041.000-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">VI&Ntilde;A SAN PEDRO TARAPACA S.A. (1)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">97.004.000-5</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">CHILE</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,781</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,249,812</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,270,593</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.96</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>91.041.000-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">VI&Ntilde;A SAN PEDRO TARAPACA S.A. (2)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">97.004.000-5</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">CHILE</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,051</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,071,600</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,119,651</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.96</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>91.041.000-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">VI&Ntilde;A SAN PEDRO TARAPACA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">97.015.000-5</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Santander Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">CHILE</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,058,569</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,058,569</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.88</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>91.041.000-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">VI&Ntilde;A SAN PEDRO TARAPACA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">97.015.000-5</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Santander Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">CHILE</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">EUR</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,092,674</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,092,674</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>91.041.000-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">VI&Ntilde;A SAN PEDRO TARAPACA S.A. (2)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">97.018.000-1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Scotiabank</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">CHILE</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,220</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,057,280</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,058,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>96.981.310-6</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COMPA&Ntilde;&Iacute;A CERVECERA KUNSTMANN S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">97.030.000-7</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco del Estado de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">CHILE</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">CLP</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">505,357</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">505,357</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>96.981.310-6</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COMPA&Ntilde;&Iacute;A CERVECERA KUNSTMANN S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">97.030.000-7</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco del Estado de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">CHILE</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">CLP</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">606,428</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">606,428</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COMPA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Citi</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,385,389</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,385,389</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COMPA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Hipotecario</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,903,555</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,903,555</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COMPA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">BBVA</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">165,228</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">165,228</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COMPA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">HSBC</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,374</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,374</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COMPA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Macro</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,373,802</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,373,802</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COMPA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">BBVA</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,791,467</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,765,961</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,557,428</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COMPA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">BNA</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,207,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,917,747</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,917,747</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,917,747</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,960,688</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>99.586.280-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COMPA&Ntilde;&Iacute;A PISQUERA DE CHILE S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">97.030.000-7</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco del Estado de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">CHILE</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">CLP</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">439,891</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,907,629</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,347,520</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SIDRA LA VICTORIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">BBVA</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SIDRA LA VICTORIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CITI</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159,183</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159,183</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SIDRA LA VICTORIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">MACRO</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">751,853</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">751,853</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SIDRA LA VICTORIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">HSBC</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">472,946</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">472,946</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SIDRA LA VICTORIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Hipotecario</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">467,804</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">467,804</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SAENZ BRIONES &amp; CIA S.A.C.I</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">HSBC</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,902</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,902</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SAENZ BRIONES &amp; CIA S.A.C.I</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">HSBC</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,743</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,743</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SAENZ BRIONES &amp; CIA S.A.C.I</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Hipotecario</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,405,995</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,405,995</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SAENZ BRIONES &amp; CIA S.A.C.I</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CITI</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,628,223</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,628,223</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SAENZ BRIONES &amp; CIA S.A.C.I</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">HSBC</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,891,668</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,891,668</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SAENZ BRIONES &amp; CIA S.A.C.I</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">BBVA</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">136,040</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">136,040</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SAENZ BRIONES &amp; CIA S.A.C.I</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">MACRO</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ARGENTINA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">$ARG</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,418,767</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,418,767</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">M ILOTUR S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">URUGUAY</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Nuevo Banco Comercial</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">URUGUAY</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,798</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,880</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,678</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">M ILOTUR S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">URUGUAY</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Nuevo Banco Comercial</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">URUGUAY</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,798</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,880</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,678</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">M ILOTUR S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">URUGUAY</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Nuevo Banco Comercial</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">URUGUAY</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,033</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,139</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">M ILOTUR S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">URUGUAY</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Nuevo Banco Comercial</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">URUGUAY</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,378</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,589</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,967</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">M ILOTUR S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">URUGUAY</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Nuevo Banco Comercial</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">URUGUAY</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,403</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,495</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,523</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,421</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">M ILOTUR S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">URUGUAY</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Nuevo Banco Comercial</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">URUGUAY</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,539</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,118</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">M ILOTUR S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">URUGUAY</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Nuevo Banco Comercial</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">URUGUAY</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,891</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,962</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">206,557</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">249,410</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">M ILOTUR S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">URUGUAY</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Nuevo Banco Comercial</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">URUGUAY</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,001,640</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,001,640</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">M ILOTUR S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">URUGUAY</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Nuevo Banco Comercial</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">URUGUAY</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">M ILOTUR S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">URUGUAY</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Citi Bank Uruguay</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">URUGUAY</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">458,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">458,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">M ILOTUR S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">URUGUAY</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Santander</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">URUGUAY</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">USD</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">500,820</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">500,820</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">M ILOTUR S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">URUGUAY</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Citi Bank Uruguay</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">URUGUAY</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">UYU</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">513,511</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">513,511</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">M ILOTUR S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">URUGUAY</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Nuevo Banco Comercial</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">URUGUAY</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">UYU</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">135,966</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">135,966</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">M ILOTUR S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">URUGUAY</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">0-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Nuevo Banco Comercial</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">URUGUAY</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">UYU</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">567,475</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">567,475</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Subtotal</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">15,581,126</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">28,931,364</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">19,966,120</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">27,146,788</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">3,917,747</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">95,543,145</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
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<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 79 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
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<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="22" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Undiscounting amounts according to maturity</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Interest&nbsp;<BR>Rate&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Debtor</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Tax&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">ID</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Company&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Debtor&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">country&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Registration&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">or&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ID&nbsp;No.&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Instrument&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Creditor&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">country&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">0&nbsp;to&nbsp;3&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">months&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">3&nbsp;months&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">1 year&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">1&nbsp;year&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">3 years&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">3&nbsp;years&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp; 5<BR>years</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">5&nbsp;years&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Amortization&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">rate&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">%&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" COLSPAN="3" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL; "><B>Bonds payable</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>91.041.000-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">VI&Ntilde;A SAN PEDRO TARAPACA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">415 13/06/2005 BONO SERIE A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">UF</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">605,858</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">419,385</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,692,125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,695,844</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,140,529</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,553,741</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Semiannual</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>90.413.000-1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CCU S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">388 18/10/2004 BONO SERIE E</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">UF</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,260,615</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,374,255</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,408,264</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,792,244</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,835,378</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Semiannual</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>90.413.000-1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CCU S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">573 23/03/2009 BONO SERIE H</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">UF</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">541,352</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,474,217</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,015,569</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Semiannual</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>90.413.000-1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CCU S.A.&nbsp;(2)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">572 23/03/2009 BONO SERIE I</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">UF</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">559,128</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,487,963</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69,047,091</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Sub-total</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">1,706,338</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">71,167,963</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">6,066,380</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">6,104,108</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">66,406,990</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">151,451,779</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="21%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="21%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="22" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Undiscounting amounts according to maturity</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Interest&nbsp;<BR>Rate&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Debtor&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Tax&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ID&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Company&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Debtor&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">country&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Lending&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">party&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Tax&nbsp;ID&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Creditor&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">name&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Creditor&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">country&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">0&nbsp;to&nbsp;3&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">months&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">3&nbsp;months&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">1 year&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">1&nbsp;year&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">3 years&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">3&nbsp;years&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">5 years&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">5&nbsp;years&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Amortization&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">rate&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">%&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" COLSPAN="3" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL; "><B>Financial leases obligations</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>90.413.000-1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CCU S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>99.012.000-5</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Consorcio Nacional de Seguros S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">UF</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,201</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59,611</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">121,209</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">98,025</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,055.280</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,353.326</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.07</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>96.981.310-6</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A CERVECERA KUNSTM ANN S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.004.000-5</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">UF</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,731</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93,857</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">237,640</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,496</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">378,724</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>96.981.310-6</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A CERVECERA KUNSTM ANN S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.030.000-7</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco del Estado de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">UF</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,022</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58,289</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">164,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">179,368</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,319</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">460,798</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>96.981.310-6</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A CERVECERA KUNSTM ANN S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.015.000-5</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Santander Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">UF</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,882</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,476</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67,358</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>76.077.848-6</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CERVECERA BELGA DE LA PATAGONIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.015.000-5</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Santander Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">UF</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,109</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,435</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,989</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,319</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,371</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,223</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>Subtotal</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23" ALIGN="right"><B>88,945</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23" ALIGN="right"><B>257,668</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23" ALIGN="right"><B>533,638</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23" ALIGN="right"><B>311,208</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23" ALIGN="right"><B>15,102,970</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23" ALIGN="right"><B>16,294,429</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">17,376,409</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">100,356,995</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">26,566,138</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">33,562,104</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">85,427,707</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">263,289,353</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement <FONT
STYLE="font-family:ARIAL" COLOR="#339966"><B><I>(Note 6</I></B></FONT><FONT STYLE="font-family:ARIAL" COLOR="#339966">)</FONT><FONT STYLE="font-family:ARIAL">. </FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(2) This obligation is hedged by a Cross Interest Rate Swap <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>(Note 6</I></B></FONT><FONT
STYLE="font-family:ARIAL" COLOR="#339966">)</FONT><FONT STYLE="font-family:ARIAL"><B><I>.</I></B> </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 80 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>As of December 31, 2012: </I></B></FONT></P>
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<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="22" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Undiscounting amounts according to maturity</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Interest&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Rate&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Debtor&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Tax&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ID&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Company&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Debtor&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">country&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Lending&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">party&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Tax&nbsp;ID&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Creditor&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">name&nbsp;&nbsp;</FONT></B></P></TD>
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<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Creditor&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">country&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">0&nbsp;to&nbsp;3&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">months&nbsp;&nbsp;</FONT></B></P></TD>
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<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">3&nbsp;months&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">1&nbsp;year&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">1&nbsp;year&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;&nbsp;<BR>3&nbsp;years&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">3&nbsp;years&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">5 years&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">5&nbsp;years&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Amortization&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">rate&nbsp;&nbsp;</FONT></B></P></TD>
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<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">%&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>


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<TD VALIGN="top" COLSPAN="3" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL; "><B>Bank borrowings</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" BGCOLOR="#8ec73f"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" BGCOLOR="#8ec73f"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" BGCOLOR="#8ec73f"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" BGCOLOR="#8ec73f"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" BGCOLOR="#8ec73f"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
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<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Patagonia</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">579,621</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">579,621</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Supervielle</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">122,591</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">122,591</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Santander Rio</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">122,597</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">122,597</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Santander Rio</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">122,597</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">122,597</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Santander Rio</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">97,383</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">97,383</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Supervielle</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">119,990</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">119,990</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Fondo para la Transformaci&oacute;n y Crec.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,713</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,713</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Semiannual</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Patagonia</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">229,645</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">229,645</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Patagonia</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">233,071</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">233,071</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Patagonia</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">232,938</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">232,938</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Patagonia</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">232,736</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">232,736</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,092</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,092</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,458</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,458</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,302</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,302</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,994</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,994</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,598</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,598</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,744</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,744</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,376</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,376</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,376</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,376</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,583</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,583</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Industrial</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">131,535</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">131,535</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco BBVA</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">303,385</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">303,385</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">FINCA LA CELIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Fondo para la Transformaci&oacute;n y Crec.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Semiannual</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>91.041.000-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">VI&Ntilde;A SAN PEDRO TARAPACA S.A. (1)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.004.000-5</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,453</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,129,151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,151,604</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>91.041.000-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">VI&Ntilde;A SAN PEDRO TARAPACA S.A. (2)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.004.000-5</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,245</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,799,600</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,850,845</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>91.041.000-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">VI&Ntilde;A SAN PEDRO TARAPACA S.A. (1)</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.018.000-1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Scotiabank</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,871,695</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,871,695</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>91.041.000-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">VI&Ntilde;A SAN PEDRO TARAPACA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.018.000-1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Scotiabank</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,282,264</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,282,264</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>91.041.000-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">VI&Ntilde;A SAN PEDRO TARAPACA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.030.000-7</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco del Estado de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,004,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,004,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>91.041.000-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">VI&Ntilde;A SAN PEDRO TARAPACA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.030.000-7</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco del Estado de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,001,600</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,001,600</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Citibank</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,216,090</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,216,090</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Itau</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">689,925</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">689,925</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Patagonia</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,184,829</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,184,829</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Hipotecario</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,946,559</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,946,559</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Santander Rio</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,090</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,090</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco BBVA</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,591,095</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,591,095</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco HSBC</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,455,725</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,455,725</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco BBVA</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,977,222</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,265,419</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,242,641</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A INDUSTRIAL CERVECERA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco BNA</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">131,186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,772,491</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,772,491</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,772,491</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,448,659</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>96.981.310-6</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A CERVECERA KUNSTM AN S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.030.000-7</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco del Estado de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">523,750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">523,750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>99.586.280-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A PISQUERA DE CHILE S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.030.000-7</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco del Estado de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">450,064</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,892,549</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,342,613</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SIDRA LA VICTORIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco HSBC</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,934</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,934</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SIDRA LA VICTORIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Citibank</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">383,116</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">383,116</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SIDRA LA VICTORIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Hipotecario</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">484,291</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">484,291</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SIDRA LA VICTORIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Patagonia</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,009</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,009</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SIDRA LA VICTORIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco BBVA</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,635</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,635</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SAENZ BRIONES &amp; CIA S.A.C.I</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco HSBC</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36,429</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36,429</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SAENZ BRIONES &amp; CIA S.A.C.I</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco HSBC</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,773</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,773</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SAENZ BRIONES &amp; CIA S.A.C.I</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Citibank</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">973,347</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">973,347</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SAENZ BRIONES &amp; CIA S.A.C.I</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco HSBC</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">751,970</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">751,970</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top">O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">SAENZ BRIONES &amp; CIA S.A.C.I</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>O-E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Hipotecario</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">ARGENTINA</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,458,590</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,458,590</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Subtotal</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">26,732,808</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">10,793,930</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">18,070,832</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">24,593,791</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">1,772,491</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">81,963,852</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 81 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
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<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="22" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Undiscounting amounts according to maturity</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Interest&nbsp;<BR>Rate&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Debtor</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Tax&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">ID</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Company&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Debtor&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">country&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Registration&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">or&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ID&nbsp;No.&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Instrument&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Creditor&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">country&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">0&nbsp;to&nbsp;3&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">months&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">3&nbsp;months&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">1 year&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">1&nbsp;year&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">3 years&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">3&nbsp;years&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp; 5<BR>years</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">5&nbsp;years&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Amortization&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">rate&nbsp;</FONT></B></P></TD>
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<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">%&nbsp;</FONT></B></TD>
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<TD VALIGN="top" COLSPAN="3" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL; "><B>Bonds payable</B></P></TD>
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<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;&nbsp;&nbsp;91.041.000-8</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">VI&Ntilde;A SAN PEDRO TARAPACA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">415 13/06/2005 BONO SERIE A</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">UF</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">613,108</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">418,853</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,690,358</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,694,003</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,561,431</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,977,753</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Semiannual</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;&nbsp;&nbsp;90.413.000-1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CCU S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">388 18/10/2004 BONO SERIE E</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">UF</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,262,859</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,648,016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,397,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,605,302</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,913,354</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Semiannual</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;&nbsp;&nbsp;90.413.000-1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CCU S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">573 23/03/2009 BONO SERIE H</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">UF</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">550,695</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,441,625</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,992,320</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Semiannual</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;&nbsp;&nbsp;90.413.000-1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CCU S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">572 23/03/2009 BONO SERIE I</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">CHILE</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">UF</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">569,210</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,383,353</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,952,563</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">At maturity</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">1,733,013</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">2,681,712</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">76,721,727</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">6,091,180</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">65,608,358</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">152,835,990</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="22" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Undiscounting amounts according to maturity</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Interest&nbsp;<BR>Rate&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Debtor&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Tax&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">ID&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Company&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Debtor&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">country&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Lending&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">party&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Tax&nbsp;ID&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Creditor&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">name&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Creditor&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">country&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Currency&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">0&nbsp;to&nbsp;3&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">months&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">3&nbsp;months&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">1 year&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">1&nbsp;year&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">3 years&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">3&nbsp;years&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">to&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">5 years&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Over&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">5&nbsp;years&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Amortization&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">rate&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;<FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">%&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" COLSPAN="3" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL; "><B>Financial leases obligations</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;&nbsp;&nbsp;90.413.000-1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CCU S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>99.012.000-5</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Consorcio Nacional de Seguros S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">UF</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,547</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,578</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">138,734</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">94,682</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,073,188</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,382,729</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.07</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;&nbsp;&nbsp;96.981.310-6</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A CERVECERA KUNSTM ANN S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.004.000-5</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">UF</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82,580</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">252,851</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70,231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">437,893</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;&nbsp;&nbsp;96.981.310-6</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A CERVECERA KUNSTM ANN S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.015.000-5</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Santander Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">UF</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,991</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,613</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">115,738</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;&nbsp;&nbsp;96.981.310-6</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">COM PA&Ntilde;&Iacute;A CERVECERA KUNSTM ANN S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.030.000-7</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco del Estado de Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">UF</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,613</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,038</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">161,263</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">175,518</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85,551</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">497,983</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;&nbsp;&nbsp;76.077.848-6</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CERVECERA BELGA DE LA PATAGONIA S.A.</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP>97.015.000-5</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">Banco Santander Chile</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">CHILE</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL">UF</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,639</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,918</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,022</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,809</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Monthly</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>Subtotal</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23" ALIGN="right"><B>95,021</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23" ALIGN="right"><B>276,727</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23" ALIGN="right"><B>583,097</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23" ALIGN="right"><B>353,546</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23" ALIGN="right"><B>15,170,761</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23" ALIGN="right"><B>16,479,152</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Total</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">28,560,842</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">13,752,369</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">95,375,656</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">31,038,517</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">82,551,610</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">251,278,994</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(1) This obligation is hedged by a Cross Currency Interest Rate Swap agreement <FONT
STYLE="font-family:ARIAL" COLOR="#339966"><B><I>(Note 6</I></B></FONT><FONT STYLE="font-family:ARIAL" COLOR="#339966">)</FONT><FONT STYLE="font-family:ARIAL">. </FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify">(2) This obligation is hedged by a Cross Currency Rate Swap <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>(Note 6</I></B></FONT><FONT
STYLE="font-family:ARIAL" COLOR="#339966">)</FONT><FONT STYLE="font-family:ARIAL"><B><I>.</I></B> </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 82 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Details of the fair value of bank borrowings, financial leases obligations and bonds payable are
described in <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>Note 6</I></B></FONT><FONT STYLE="font-family:ARIAL">. </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The effective rates
of bond obligations are as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="77%"></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">Bonds&nbsp;Serie</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">A</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">3.96%</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">Bonds&nbsp;Serie</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">E</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">4.52%</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">Bonds&nbsp;Serie</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">H</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">4.26%</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">Bonds&nbsp;Serie</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">I</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">3.18%</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The debts and financial liabilities are stated in several currencies and they accrue fixed and variable interest rates.
The details of such obligations classified as per currency and interest type (excluding the effect of cross currency interest rate swap agreements) are as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As of December&nbsp;31, 2012</FONT></B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Fixed&nbsp;Interest&nbsp;Rate&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Variable&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Interest&nbsp;Rate&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Fixed&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Interest&nbsp;Rate&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Variable&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Interest&nbsp;Rate&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">US Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,197,435</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,448,744</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,164,778</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,156,408</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Chilean Pesos</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,459,306</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,872,764</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Argentine Pesos</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,128,034</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,769,902</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Unidades de Fomento</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">167,746,208</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">169,315,142</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Euros</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,092,674</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Uruguayan Pesos</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,216,952</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">251,840,609</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">11,448,744</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">237,122,586</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">14,156,408</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The terms and conditions of the main interest accruing obligations as of June&nbsp;30, 2013, were as follows: </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B>a)&nbsp;&nbsp;&nbsp;Bank Borrowings </B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#339966"><B><I>BBVA New York &#150; Bank Loans </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On November&nbsp;23, 2007, the Company obtained, through its Cayman Islands
agency, a bank loan from the Cayman Islands branch of BBVA bank, for a total 70&nbsp;million US Dollars at a 5 year term, maturiting on November&nbsp;23, 2012. Subsequently, BBVA ceded that contract to the Banco del Estado de Chile, according to
letter dated August&nbsp;28, 2012 and notified to the Agency of the Company in Cayman Islands, dated October&nbsp;1, 2012. On November&nbsp;23, 2012, this loan was payed. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Raboinvestment Chile S.A. (Raboinvestment) &#150; Bank Loans </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On August&nbsp;12, 2010, the subsidiary Compa&ntilde;&iacute;a Pisquera de Chile S.A. (CPCh) renegotiated a syndicated loan with banks BCI, BBVA and
Raboinvestment Chile S.A. (Raboinvestment) where BCI and BBVA ceded and transferred their respective shares of the credit to Raboinvestment. On the same date CPCh and Raboinvestment signed an agreement acknowledging the debt and rescheduling of the
total outstanding debt, for the capital of that syndicated loan for an amount of ThCh$ 9,961,114, which was payed in a single quota, maturity on August&nbsp;12, 2012. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrued interest at an annual fixed rate of 5.75%. The Company amortizes interests semi-annually and were paid on August&nbsp;12 and
February&nbsp;12, of each year. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Banco Estado &#150; Bank Loans </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On July&nbsp;27, 2012, the subsidiary Compa&ntilde;&iacute;a Pisquera Chile S.A. (CPCh) signed a bank loan with the Banco Estado for a total of ThCh$
16,000,000, for a period of 5 years, with maturity on July&nbsp;27, 2017. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrues interest at an annual fixed rate of 6.86% and an
effective rate of 7.17%. The Company amortizes interest semi-annually, and the capital amortization consists of a single payment at the end of the established term. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 83 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">This obligation is subject to certain reporting obligations in addition to complying with the following
financial ratios, which will be measured on the half-yearly financial statements of CPCh: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain a Financial Expense Coverage not less than 3, calculated as the relationship between Gross Margin less Marketing costs, Distribution and
Administration expenses, plus Other income by function, less Other expenses by function, plus Depreciation and Amortization, divided by Financial costs. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain a debt ratio of no more than 2.5, measured as Total liabilities divided by Equity. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain an Equity higher than UF 770,000. </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In addition, this loan obliges CPCh to comply with certain restrictions of affirmative nature, including maintaining insurance, maintaining the ownership
of essential assets, and also to comply with certain restrictions, such as not to pledge, mortgage or grant any kind of encumbrance or real right over any fixed asset with an individual accounting value higher than UF 10,000, except under the terms
established by the agreement, among other. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013, the Company was in compliance with the financial covenants and specific
requirements of this loan. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Banco de Chile &#150; Bank Loans </I></B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">&nbsp;On July&nbsp;11, 2011, the subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. signed a bank loan with Banco de Chile for a total of US$ 4,436,100,
maturing on July&nbsp;11, 2012. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrued interest at a compound floating rate Libor plus 180 days plus a
fixed margin. The subsidiary amortized interest semi-annually, and capital amortization consists of a single payment at the end of the established term. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This debt was changed to Euros and a fixed interest rate through a currency and interest rate swap agreements (Cross Currency Interest
Rate Swap). For details of the Company&#146;s hedge strategies see <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>Note 6</I></B></FONT><FONT STYLE="font-family:ARIAL">. </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">On July&nbsp;11, 2012, this loan was paid. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">&nbsp;On July&nbsp;11, 2011, the subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. signed a bank loan with Banco de Chile for a total of US$ 4,436,100,
maturing on July&nbsp;11, 2016. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrues interest at a compound floating rate Libor plus 180 days plus a
fixed margin. The subsidiary amortizes interest semi-annually, and capital amortization consists of a single payment at the end of the established term. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This debt was changed to Euros and a fixed interest rate through a currency US$-Euro and interest rate swap agreements (Cross Currency
Interest Rate Swap). For details of the Company&#146;s hedge strategies see <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>Note 6</I></B></FONT><FONT STYLE="font-family:ARIAL">. </FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">&nbsp;On July&nbsp;7, 2011, the subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. signed a bank loan with Banco de Chile for a total of US$ 10,000,000,
maturing on July&nbsp;7, 2016. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrues interest at a compound floating rate Libor plus 180 days plus a
fixed margin. The subsidiary amortizes interest semi-annually, and capital amortization consists of a single payment at the end of the established term. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">The interest rate risk to which the subsidiary is exposed as result of this loan is mitigated by the use of cross interest rate swap
agreements (interest rate fixed). For details of the Company&#146;s hedge strategies see <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>Note 6</I></B></FONT><FONT STYLE="font-family:ARIAL">. </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The aforementioned loans oblige the Company to comply with the same covenants as the Series A Bond as indicated in letter c) obligations with the public
in this Note. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 84 </P>


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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Banco Estado &#150; Bank Loans </I></B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">On July&nbsp;18, 2011, the subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. signed a bank loan with Banco Estado for a total of US$ 11,000,000, maturing
on July&nbsp;18, 2012. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrued interest at a compound floating rate Libor plus 180 days plus a fixed
margin. The subsidiary amortized interest semi-annually and capital amortization consists of a single payment at the end of the established term. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan required to comply with the same covenants as the Series A Bond as indicated in letter c) obligations with the public in this
Note. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">On July&nbsp;18, 2012, this loan was paid. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">On April&nbsp;23, 2012, the subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. signed a bank loan with Banco Estado for a total of ThCh$ 3,000,000,
maturing on July&nbsp;19, 2012. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">On July&nbsp;19, 2012 the previous loan was renewed for a period of 71 days,
maturing on September&nbsp;28, 2012. Subsequently, on the same time this loan was renewed for a period of 84 days, maturing on December&nbsp;21, 2012. On December&nbsp;21, 2012, this loan was renewed for 60 days, maturating on February&nbsp;19,
2013, renewed again for 94 days, maturing on May&nbsp;24, 2013. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrued interest at an annual rate. The subsidiary
amortized interest and capital amortization consists of a single payment at the end of the established term. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">On May&nbsp;24, 2013,
this loan was paid. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">On July&nbsp;19, 2012, the subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. signed a bank loan with Banco Estado for a total of ThCh$ 1,000,000, maturing
on September&nbsp;28, 2012. Subsequently this loan was renewed for a period of 84 days, maturing on December&nbsp;21, 2012. It was renewed for 60 days, maturing in February&nbsp;19, 2013, renewed again for 94 days, maturing on May&nbsp;24, 2013.
</P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrued a fixed interest at an annual rate. The subsidiary amortized interest and capital amortization
consists of a single payment at the end of the established term. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">On May&nbsp;24, 2013, this loan was paid. </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">On April&nbsp;25, 2012, the subsidiary Compa&ntilde;&iacute;a Cervecera Kunstmann S.A. signed a bank loan with Banco Estado for a total of ThCh$ 500,000,
maturing on April&nbsp;25, 2013. Subsequently this loan was renewed for one year, maturing on April&nbsp;25, 2014. </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrues a fixed interest at an annual rate. The subsidiary amortizes interest and capital amortization consists of a single
payment at the end of the established term. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">On April&nbsp;25, 2013, the subsidiary Compa&ntilde;&iacute;a Cervecera Kunstmann S.A. signed a bank loan with Banco Estado for a total of ThCh$ 600,000,
maturing on April&nbsp;25, 2014. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrues a fixed interest at an annual rate. The subsidiary amortizes
interest and capital amortization consists of a single payment at the end of the established term. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 85 </P>


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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Banco Scotiabank &#150; Bank Loans </I></B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">On June&nbsp;22, 2012, the subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. signed a bank loan with Banco Scotiabank for a total of US$ 3,897,940,
maturing on June&nbsp;20, 2013. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrued interest at a compound floating rate Libor plus 180 days plus a
fixed margin. The subsidiary amortized interest quarterly and capital amortization consists of a single payment at the end of the established term. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This debt was changed to Euros and a fixed interest rate through a currency US$-Euro and interest rate swap agreements (Cross Currency
Interest Rate Swap). For details of the Company`s hedge strategies see Note 6. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">On June&nbsp;20, 2013, this loan was paid. </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">On June&nbsp;21, 2012, the subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. signed a bank loan with Banco Scotiabank for a total of US$ 11,000,000,
maturing on June&nbsp;21, 2013. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrued interest at a compound floating rate Libor plus 180 days plus a
fixed margin. The subsidiary amortized interest semi-annually and capital amortization consists of a single payment at the end of the established term. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">On June&nbsp;21, 2013, this loan was paid. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">On June&nbsp;21, 2013, the subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. signed a bank loan with Banco Scotiabank for a total of US$ 8,000,000,
maturing on June&nbsp;22, 2015. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrues interest at a compound floating rate Libor plus 90 days plus a
fixed margin. The subsidiary amortizes interest quarterly and capital amortization consists of a single payment at the end of the established term. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">The interest rate risk to which the subsidiary is exposed as result of this loan is mitigated by the use of cross interest rate swap
agreements (interest rate fixed). For details of the Company`s hedge strategies see <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B>Note </B></FONT><FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>6</I></B></FONT><FONT
STYLE="font-family:ARIAL">. </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Banco Santander Chile &#150; Bank Loans </I></B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">On June&nbsp;17, 2013, the subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. signed a bank loan with Banco Santander Chile for a total of US$ 8,000,000,
maturing on June&nbsp;17, 2014. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrues a fixed interest at an annual rate. The subsidiary amortizes
interest and capital amortization consists of a single payment at the end of the established term. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">On June&nbsp;17, 2013, the subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. signed a bank loan with Banco Santander Chile for a total of 6,200,000 Euros,
maturing on June&nbsp;17, 2014. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:2%; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrues a fixed interest at an annual rate. The subsidiary amortizes
interest and capital amortization consists of a single payment at the end of the established term. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 86 </P>


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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>BBVA Banco Franc&eacute;s S.A.; HSBC Bank Argentina S.A.; Banco de Galicia y Buenos Aires
S.A.; La Sucursal de Citibank NA established in Argentinian Republic; Banco de La Provincia de Buenos Aires &#150; Syndicated Bank Loan with Compa&ntilde;&iacute;a Industrial Cervecera S.A. (CICSA) </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On October&nbsp;5, 2012, the subsidiary CICSA signed a syndicated bank loan for a total of 187.5&nbsp;million Argentine Pesos, maturating on
October&nbsp;5, 2015. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The proportional participation of banks lenders is as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">BBVA Bank French S.A., with 55&nbsp;million Argentine Pesos of pro rata participation. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Banco de la Provincia de Buenos Aires, with 54&nbsp;million Argentine Pesos. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">HSBC Bank Argentina S.A., with 43.5&nbsp;million Argentine Pesos of pro rata participation. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Banco de Galicia y Buenos Aires S.A., with 20&nbsp;million Argentine Pesos of pro rata participation. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Citibank NA established in Argentinian Republic, with 15&nbsp;million Argentine Pesos of pro rata participation. </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrues interest at an annual rate of 15.01% whose payment is made monthly. The subsidiary amortizes capital in 9 consecutive and equal
quarterly quotes, once the grace period of 12 months from the date of disbursement. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan obliges the subsidiary to meet specific requirements
and financial covenants related to their Consolidated Financial Statements, which according to agreement of the parties are as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain a capability of repayment measure at the end of each quarter less than or equal to 3, calculated as the financial debt over Adjusted EBITDA<FONT
 COLOR="#ff0000"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP></FONT>. Adjusted EBITDA means EBITDA as calculated by the Company in accordance with particular debt instruments in order to measure such instruments&#146; financial covenants
and is defined as: Operating result before Interest, Income taxes, Depreciation and Amortization for the period of 12 months immediately prior to the date of calculation. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain a Financial Expense Coverage measured at the end of each quarter and retroactively for periods of 12 months, not less than 2.5, calculated as the
ratio of Adjusted EBITDA (as defined in paragraph (a)) and Financial Costs account. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain at the end of each quarter an indebtedness ratio not higher than 1.5, defined as the ratio Financial Liabilities over the Equity meaning the Equity
at the time of calculation, as it arises from their Financial Statements and in accordance with generally accepted accounting principles in the Argentinian Republic. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain at the end of each quarter a minimum Equity of 600&nbsp;million of Argentine Pesos. </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013, the Company was in compliance with the financial covenants and specific requirements of this loan. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Banco de la Naci&oacute;n Argentina &#150; Bank Loan with Compa&ntilde;&iacute;a Industrial Cervecera S.A. (CICSA) </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On December&nbsp;28, 2012, CICSA signed a bank loan for a total of 140&nbsp;million of Argentine pesos for a period of 7 years, maturing on
November&nbsp;26, 2019, and whose loan is delivered in two stages, where the first was carried out on December&nbsp;28, 2012, for a total of 56&nbsp;million Argentine pesos and the second on June&nbsp;28, 2013, for a total of 84&nbsp;million of
Argentine pesos. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">This loan accrues interest at an annual rate of 15% fixed by first 36 months. Having completed that term, accrues interest at a
compound floating rate BADLAR in pesos plus a fixed spread of 400 basis points and to this effect will be taken BADLAR rate published by the Central Bank of the Argentina Republic, corresponding to five working days prior to the start of the period,
subject to the condition that does not exceed the lending rate of portfolio general of Banco de la Naci&oacute;n Argentina, in whose case shall apply this. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The subsidiary amortizes capital in 74 consecutive and equal, once the grace period of 10 months from the date of disbursement. </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:25%">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#ff0000"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP></FONT><FONT STYLE="font-family:ARIAL"> EBITDA
(Earnings Before Interest, Taxes, Depreciation and Amortization). </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 87 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B>b) Financial Lease Obligations </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The most significant financial lease agreements are as follows: </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#339966"><B><I>CCU S.A. </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In December, 2004, the Company sold a piece of land previously classified as investment property. As
part of the transaction, the Company leased eleven floors of a building under construction on the mentioned piece of land. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The building was
completed during 2007, and on June&nbsp;28, 2007, the Company entered into a 25-years lease agreement with Compa&ntilde;&iacute;a de Seguros de Vida Consorcio Nacional de Seguros S.A., for a total amount of UF 688,635.63, with an annual interest
rate of 7.07%. The current value of the agreement amounted to ThCh$ 10,403,632 as of December&nbsp;31, 2007. The agreement also grants CCU the right or option to acquire the assets contained in the agreement (real estate, furniture and facilities)
as from month 68 of the lease. The lease rentals committed are according to the conditions prevailing in the market. For Chilean GAAP purposes, in 2004 the Company recognized a ThCh$ 3,108,950 gain for the building portion not leased by the Company,
and a ThCh$ 2,260,851 liability deferred through completion of the building, when the Company recorded the transaction as financial lease. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Compa&ntilde;&iacute;a Cervecera Kunstmann S.A. </I></B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The lease agreements are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Type</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Institution</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Contract&nbsp;&nbsp;</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff">Date&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Amount</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">(UF)</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Number<BR>of&nbsp;quotas</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Anual<BR>&nbsp;&nbsp;Interest</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Purchase<BR>option&nbsp;(UF)</FONT></B></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Production plant</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Banco&nbsp;Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">04-19-2005&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,489</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">168</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.30%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">302</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Land Lote 2 C</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Banco Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">06-26-2007&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,716</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">121</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.80%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Land Lote 2 D</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Banco Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">03-25-2008&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">97</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.30%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">183</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">Inspector level of filling, capping, pasteurization and packaging line</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="white-space:nowrap">Banco&nbsp;Santander-&nbsp;Chile</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">01-12-2009&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,077</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.16%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">276</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Rinser-Filler-Capping Machine</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Banco <FONT STYLE="white-space:nowrap">Santander-&nbsp;Chile</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">02-03-2009&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,203</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.34%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Land Lote 13F1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Banco <FONT STYLE="white-space:nowrap">Santander-&nbsp;Chile</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">12-01-2009&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,116</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">119</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.27%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The following is a detail of future payments and the current value of the financial lease obligations as of June&nbsp;30,
2013: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Lease Minimum Future Payments</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Gross&nbsp;&nbsp;<BR>Amount&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Interest&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Current&nbsp;Value&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less than one years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff">1,439,371</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff">1,092,758</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">346,613</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Between one and five year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff">5,061,668</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff">4,216,822</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">844,846</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Over five years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff">28,503,656</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff">13,400,686</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,102,970</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">35,004,695</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">18,710,266</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">16,294,429</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 88 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
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<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#003300"><B>c)&nbsp;&nbsp;&nbsp;&nbsp;Bonds Payable </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Series A Bonds &#150; Subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On June&nbsp;13, 2005, the subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. recorded in the Securities Record a bond issue for a total UF 1,500,000
at a 20-years term maturiting on July&nbsp;15, 2025. Such issue was placed in the local market on July&nbsp;20, 2005, with a premium amounting to ThCh$ 227,378. This obligation accrues interest at a fixed annual rate of 3.8% and amortizes interest
and capital semi-annually. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On December&nbsp;17, 2010, took place the Board of Bondholders Serie A, which decided to modify the issued Contract of
such bonds in order to update certain references and adapt it to the new IFRS accounting standards. The amendment of the issued Contract is dated December&nbsp;21, 2010 and has the repertory No.&nbsp;35739-2010 in the Notary of Ricardo San
Mart&iacute;n Urrejola. Because of these changes, the commitment of this subsidiary is to comply with certain financial ratios that will be calculated only on the Interim Consolidated Financial Statements. These financial ratios and other conditions
are as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Control over subsidiaries representing at least 30% of the consolidated Adjusted EBITDA of the issuer. Adjusted EBITDA. Adjusted EBITDA means EBITDA as
calculated by the Company in accordance with particular debt instruments in order to measure such instruments&#146; financial covenants and is defined as: (i)&nbsp;the sum of Gross Margin and Other income by function accounts; (ii)&nbsp;less
(absolute numbers) Distribution costs, Administrative expenses and Other expenses by function accounts; and (iii)&nbsp;plus (absolute numbers) Depreciation and Amortization recorded in the Note Nature of the costs and expenses.
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Not to enter into investments in instruments issued by related parties different from its subsidiaries. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Neither sells nor transfers essential assets that jeopardize the continuance of its current purpose. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain at the end of each quarter an indebtedness ratio measured over the consolidated financial statements not higher than 1.2, defined as the ratio of
Total Adjusted Liabilities and Total Adjusted Equity. The Total Adjusted Liabilities is defined as Total Liabilities less Dividends provisioned, according to policy contained in the Statement of Changes in Equity, plus the amount of all guarantees,
debts or obligations of third parties not within the liabilities and outside the Issuer or its subsidiaries that are cautioned by real guarantees granted by the Issuer or its subsidiaries. Total Adjusted Equity is defined as Total Equity plus
Dividends provisioned, according to policy contained in the Statement of Changes in Equity. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain a Financial Expense Coverage measured at the end of each quarter and retroactively for periods of 12 months, not less than 3, calculated as the ratio
of Adjusted EBITDA (as defined in paragraph (a)) and Financial Costs account. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain at the end of each quarter a minimum equity of ThCh$ 83,337,800, meaning Equity Attributable to Equity Holders of the Parent plus the Dividends
provisioned account, according to policy included in the Statement of Changes in Equity. This requirement will increase in the amount resulting from each revaluation of property, plant and equipment to be performed by the Issuer.
</P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On July&nbsp;21, 2011 the subsidiary made a partial prepayment for 750 Series A Bonds (of the 1,500 issued) equivalent to UF
513,750, according to Section Twelve of Clause Four for the Issue Contract Bond issued by public deed dated April&nbsp;28, 2005. Additionally, the subsidiary recognized in the Consolidated Income Statement of that date an expenditure of ThCh$
103,735, for expenses associated with the issuance of this debt. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013 and December&nbsp;31, 2012, the Company was in compliance
with the financial covenants required for this public issue. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 89 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Series E Bonds &#150; CCU S.A. </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On October&nbsp;18, 2004, under number 388 the Company recorded in the Securities Record the issue of 20-year term public bonds for a total UF 2,000,000
maturiting on December&nbsp;1, 2024. This issue was placed in the local market on December&nbsp;1, 2004, with a discount amounting to ThCh$ 897,857. This obligation accrues interests at a fixed annual rate of 4.0%, and it amortizes interest and
capital semi-annually. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On December&nbsp;17, 2010, took place the Board of Bondholders Serie E, which decided to modify the issued Contract of those
bonds in order to update certain references and adapt it to the new IFRS accounting standards. The amendment of the issued Contract is dated December&nbsp;21, 2010 and has the repertory No.&nbsp;35738-2010 in the Notary of Ricardo San Mart&iacute;n
Urrejola. Because of these changes, the commitment of the Company is to comply with certain financial ratios that will be calculated only on the Interim Consolidated Financial Statements. These financial ratios and other conditions are as follows:
</P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain at the end of each quarter an indebtedness ratio measured over the consolidated financial statements not higher than 1.5, defined as the ratio of
Total Adjusted Liabilities and Total Adjusted Equity. Total Adjusted Liabilities is defined as Total Liabilities less Dividends provisioned, according to policy included in the Statement of Changes in Equity, plus the amount of all guarantees
granted by the Issuer or its subsidiaries that are cautioned by real guarantees, except as noted in the contract. Total Adjusted Equity is defined as Total Equity plus Dividends provisioned, according to policy included in the Statement of Changes
in Equity. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain a Financial Expense Coverage measured at the end of each quarter and retroactively for periods of 12 months, not less than 3, calculated as the ratio
of Adjusted EBITDA and Financial Costs account. Adjusted EBITDA means EBITDA as calculated by the Company in accordance with particular debt instruments in order to measure such instruments&#146; financial covenants and is defined as: (i)&nbsp;the
sum of Gross Margin and Other income by function accounts; (ii)&nbsp;less (absolute numbers) Distribution costs, Administrative expenses and Other expenses by function accounts; and (iii)&nbsp;plus (absolute numbers) Depreciation and Amortization
recorded on the Note Nature of the costs and expenses. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain at the end of each quarter, assets free of liens for an amount equal to at least 1.2, defined as the ratio of Total Assets free of lien and Total
Adjusted Liabilities free of lien. Is defined as Total Assets free of lien are defined as Total Assets less assets pledged as collateral for cautioned obligations of third parties. Total Adjusted Liabilities free of lien are defined as Total
Liabilities less Dividends provisioned according to policy contained in the Statement of Changes in Equity. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain at the end of each quarter a minimum equity of ThCh$ 312,516,750, meaning Equity Attributable to Equity Holders of the Parent plus the Dividends
provisioned account, according to policy contained in the Statement of Changes in Equity. This requirement will increase in the amount resulting from each revaluation of property, plant and equipment to be performed by the Issuer.
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">To maintain, either directly or indirectly, ownership over more than 50% of the subscribed and paid-up shares and over the voting rights of the following
companies: Cervecera CCU Chile Limitada, Embotelladoras Chilenas Unidas S.A. and Vi&ntilde;a San Pedro Tarapac&aacute; S.A., except in the cases and under the terms established in the agreement. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">To maintain, either directly or through a subsidiary, ownership of the trademark &#147;CRISTAL&#148;, denominative for beer class 32 of the international
classifier, and not to transfer its use, except to its subsidiaries. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Not to make investments in facilities issued by related parties, except in the cases and under the terms established in the agreement. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(h)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Neither sells nor transfer assets from the issuer and its subsidiaries representing over 25% of the assets total of the consolidated financial statements.
</P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013 and December&nbsp;31, 2012, the Company was in compliance with the financial covenants required for this
public issue. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 90 </P>


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<TR>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Series H and I Bonds &#150; CCU S.A. </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On March&nbsp;23, 2009, the Company recorded in the Securities Record the issue of bonds Series H and I for a combined total of UF 5&nbsp;million, with
10 and 30 years terms, respectively. Emissions of both series were placed in the local market on April&nbsp;2, 2009. The issuance of the Bond I was UF 3&nbsp;million with maturity on March&nbsp;15, 2014, with a discount amounting to ThCh$ 413,181,
and accrues interest at an annual fixed rate of 3.0%, with amortize interest semi-annually and excluding the capital (bullet). The issuance of the Bond H was UF 2&nbsp;million with maturity on March&nbsp;15, 2030, with a discount amounting to ThCh$
156,952, and accrues interest at an annual fixed rate of 4.25%, with amortizes interest and capital semi-annually. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">By deed dated December&nbsp;27,
2010 issued in the Notary of Ricardo San Mart&iacute;n Urrejola, under repertoires No.&nbsp;36446-2010 and 36447-2010, were amended Issue Contract Series H and I, respectively, in order to update certain references and to adapt to the new IFRS
accounting rules. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The current issue was subscribed with Banco Santander Chile as representative of the bond holders and as paying bank, and it
requires that the Company complies with the following financial covenants on its Interim Consolidated Financial Statements and other specific requirements: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain at the end of each quarter an indebtedness ratio measured over the consolidated financial statements not higher than 1.5, defined as the ratio of
Total Adjusted Liabilities and Total Adjusted Equity. The Total Adjusted Liabilities are defined as Total Liabilities less Dividends provisioned, according to policy included in the Statement of Changes in Equity, plus the amount of all guarantees,
debts or obligations of third parties not within the liability and outside the Issuer or its subsidiaries that are cautioned by real guarantees granted by the Issuer or its subsidiaries. Total Adjusted Equity is defined as Total Equity plus
Dividends provisioned account, according to policy included in the Statement of Changes in Equity. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain a Financial Expense Coverage measured at the end of each quarter and retroactively for periods of 12 months, not less than 3, calculated as the ratio
of Adjusted EBITDA and Financial Costs account. Adjusted EBITDA means EBITDA as calculated by the Company in accordance with particular debt instruments in order to measure such instruments&#146; financial covenants and is defined as: (i)&nbsp;the
sum of Gross Margin and Other income by function accounts; (ii)&nbsp;less (absolute numbers) Distribution costs, Administrative expenses and Other expenses by function accounts; and (iii)&nbsp;plus (absolute numbers) Depreciation and Amortization
recorded on the Note Nature of the cost and expenses. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain at the end of each quarter, assets free of liens for an amount equal to, at least, 1.2, defined as the ratio of Total Assets free of lien and
Financial Debt free of lien. Total Assets free of lien are defined as Total Assets less assets pledged as collateral for cautioned obligations of third parties. Financial Debt free of lien is defined as the sum of lines Bank Loans, Bonds payable and
Finance lease obligations contained in Note Other financial liabilities of the Consolidated Financial Statements. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain at the end of each quarter a minimum equity of ThCh$ 312,516,750, meaning Equity Attributable to Equity Holders of the Parent plus the Dividends
provisioned account, according to policy included in the Statement of Changes in Equity. This requirement will increase in the amount resulting from each revaluation of property, plant and equipment to be performed by the Issuer.
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">To maintain, either directly or indirectly, ownership over more than 50% of the subscribed and paid-up shares and over the voting rights of the following
companies: Cervecera CCU Chile Limitada and Embotelladoras Chilenas Unidas S.A. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Maintain a nominal installed capacity for the production manufacturing of beer and soft drinks, equal or higher altogether than 15.9&nbsp;million hectolitres
a year, except in the cases and under the terms of the contract. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">To maintain, either directly or through a subsidiary, ownership of the trademark &#147;CRISTAL&#148;, denominative for beer class 32 of the international
classifier, and not to transfer its use, except to its subsidiaries. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(h)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Not to make investments in facilities issued by related parties, except in the cases and under the terms established in the agreement. </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The inflation related to interest rate risk to which the Company is exposed as result of the Serie I Bond is mitigated by the use of cross interest rate
swap agreements (fixed interest rate). For details of the Company`s hedge strategies see <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B>Note&nbsp;</B></FONT><FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>6</I></B></FONT><FONT
STYLE="font-family:ARIAL">. </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 91 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013 and December&nbsp;31, 2012, the Company was in compliance with the financial
covenants required for this public issue. </P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_61"></A>Note 28 Accounts payable &#150; trade and other payables
</B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013 and December&nbsp;31, 2012, the total Accounts payable-trade and other payables are as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2013&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of&nbsp;&nbsp;<BR>December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Suppliers</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">102,883,596&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">135,588,879&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Notes payable</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">3,231,882&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,156,777&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Withholdings payable</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">14,543,909&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,371,722&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">120,659,387&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">166,117,378&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">119,850,019&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">165,392,448&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-current</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">809,368&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">724,930&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">120,659,387&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">166,117,378&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 92 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_62"></A>Note 29 Provisions </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013 and December&nbsp;31, 2012, the total provisions recorded in the consolidated statement of financial position are as follows:
</P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of&nbsp;&nbsp;<BR>December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Litigation</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,239,311&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">984,466&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,971,701&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">910,663&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">3,211,012&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,895,129&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">587,440&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">401,849&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-current</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,623,572&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,493,280&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">3,211,012&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,895,129&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The following was the change in provisions during the year ended December&nbsp;31, 2012 and for the six months ended as
of June&nbsp;30, 2013: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Litigation</FONT></B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Others</FONT></B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Total</FONT></B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of January&nbsp;1, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>1,624,479&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>1,459,960&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><B>3,084,439&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of December&nbsp;31, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#65bc23"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Incorporated</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,064,601&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125,568&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,190,169&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Used</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,076,435)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(100,567)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,177,002)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Released</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(418,035)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(295,461)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(713,496)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(210,144)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(278,837)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(488,981)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">As of December&nbsp;31, 2012</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">984,466&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">910,663&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,895,129&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Additions resulting from acquisitions through business</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">149,365&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,076,389&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,225,754&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Incorporated</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">237,183&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">237,183&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Used</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(97,697)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,995)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(99,692)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion effect</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(34,006)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13,356)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(47,362)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,239,311&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,971,701&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,211,012&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The maturities of provisions at June&nbsp;30, 2013, were as
follows:</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Litigation</FONT></B></P> <P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Others</FONT></B></P> <P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Total</FONT></B></P> <P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less than one year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">587,440&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">587,440&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Between two and five years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">529,965&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,946,701&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,476,666&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Over five years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">121,906&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,000&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">146,906&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,239,311&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,971,701&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,211,012&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 93 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Litigation </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The detail of significant litigation proceedings to which the Company is exposed at a consolidated level is described in <FONT
STYLE="font-family:ARIAL" COLOR="#339966"><B><I>Note 35</I></B></FONT><FONT STYLE="font-family:ARIAL">. </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Management believes based on the
development of such proceedings to date, the provisions established on a case by basis are adequate to cover the eventual adverse effects that could arise from these proceedings. </P>
<P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_63"></A>Note 30 Other non-financial liabilities </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013 and December&nbsp;31, 2012, the total Other non-financial liabilities are as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;&nbsp;<BR>December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Parent dividend provisioned by the board</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,065,681&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Parent dividend provisioned according to policy</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">27,872,319&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37,150,689&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Outstanding parent dividends</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">499,143&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">505,162&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Subsidiaries dividends according to policy</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">690,877&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,084,143&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">257,058&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,579&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">29,319,397&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">62,849,254&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">29,319,397&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62,849,254&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-current</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">29,319,397&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">62,849,254&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_64"></A>Note 31 Employee Benefits </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company grants short term and employment termination benefits as part of its compensation policies. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Parent Company and its subsidiaries maintain collective agreements with their employees, which establish the compensation and/or short&#150;term and
long-term benefits for their staff, the main features of which are described below: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">i.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Short-term benefits are generally based on combined plans or agreements, designed to compensate benefits received, such as paid vacation, annual performance
bonuses and compensation through annuities. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">ii. Long-term benefits are plans or agreements mainly intended to cover the
post-employment benefits generated at the end of the labour relationship, be it by voluntary resignation or death of personnel hired. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 94 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The cost of such benefits is charged against income, in the &#147;Staff Expense&#148; item. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013 and December&nbsp;31, 2012, the total staff benefits recorded in the Interim Consolidated Statement of Financial Position is as
follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="14%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Employees&#146; Benefits</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">As&nbsp;of&nbsp;December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Short term benefits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">11,666,349&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,901,409&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Employment termination benefits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">14,053,372&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,171,264&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">25,719,721&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">29,072,673&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">11,670,619&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,901,531&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-current</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">14,049,102&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,171,142&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">25,719,721&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">29,072,673&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The following is a detail of the Short-term and Severance Indemnity. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Employees&#146; Bonuses </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Short-term benefits are mainly comprised of recorded vacation (on accruals basis), bonuses and share compensation. Such benefits are recorded when the
obligation is accrued and are usually paid within a 12-month periods, consequently, they are not discounted. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013 and
December&nbsp;31, 2012, the provisions recorded as a result of services granted and unpaid are as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="14%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Short-Term Employees&#146; Benefits</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">As&nbsp;of&nbsp;December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Vacation</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">6,011,197&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,231,487&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bonus and compensation</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">5,655,152&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,669,922&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">11,666,349&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">15,901,409&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company records the staff vacation cost on an accrual basis. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Severance Indemnity </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The
Company records a liability for the payment of an irrevocable severance indemnity, originated by collective and individual agreements entered into with certain groups of employees. Such obligation is determined by means of the current value of the
benefit accrued cost, a method that considers several factors for the calculation such as estimates of future continuance, mortality rates, future salary increases and discount rates. The Company periodically evaluates the above-mentioned factors
based on historical data and future projections, making adjustments that apply when checking changes sustained trend. As a result of this process, the discount and rotation rate were updated, and whose consequence was that the liability for the
payment of severance indemnity decrease in ThCh$ 3,083,336, effect which was registered in the Consolidated Statement of Income during 2012. The so-determined value is presented at the current value by using the severance benefits accrued method.
The discount rate is determined by reference to market interest rates curves for high quality entrepreneurial bonds. The discount rate in Chile was 6.8% (6.8% in 2012) and in Argentina 26.6% (26.6% in 2012). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 95 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June 30, 2013 and December 31, 2012, the obligation recorded for severance indemnity are as
follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="14%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Severance Indemnity</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">As&nbsp;of&nbsp;December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,270&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">122&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-current</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">14,049,102&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,171,142&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">14,053,372&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">13,171,264&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The change in the severance indemnity during the year ended as of December&nbsp;31, 2012 and for the six months ended as
of June&nbsp;30, 2013, was as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="91%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Severance Indemnity</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Severance&nbsp;&nbsp;<BR>Indemnity&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Initial Balance</P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">15,531,518&nbsp;</P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Balance as of January&nbsp;1, 2012</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">15,531,518&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of December&nbsp;31, 2012</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current cost of service</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">523,159&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest cost</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,274,978&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Actuarial (Gains) losses</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,492,211)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Paid-up benefits</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(721,945)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Past service cost</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">304,355&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(248,590)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">As of December&nbsp;31, 2012</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">13,171,264&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#8ec73f"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>As of June&nbsp;30, 2013</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#8ec73f"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current cost of service</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">284,259&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest cost</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">568,859&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Actuarial (Gains) losses</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,409&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Paid-up benefits</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(233,745)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Past service cost</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">233,553&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(45,227)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">14,053,372&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 96 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The figures recorded in the interim consolidated statement of income for the six and three months ended
as of June 30, 2013 and 2012, are as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Expense recognized for severance indemnity</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">June 30,&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For&nbsp;the&nbsp;three&nbsp;months&nbsp;ended&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ThCh$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current cost of service</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">284,259&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">331,821&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">173,754&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">126,119&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest cost</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">568,859&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">711,397&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">287,869&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">352,627&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Past service cost</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">233,553&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">128,280&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">84,719&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71,798&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Actuarial (Gain) loss</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25,937)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(177,652)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-provided paid benefits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,424,509&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,114,841&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">711,475&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">653,054&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">109,287&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">192,539&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">62,281&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(180,805)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total expense recognized in consolidated statement of income</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2,620,467&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2,452,941&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,320,098&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">845,141&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Actuarial Assumptions </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As mentioned in <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>Note 2.19 &#150; Employees&#146; Benefits</I></B></FONT><FONT
STYLE="font-family:ARIAL">, the severance payment obligation is recorded at its actuarial value. The main actuarial assumptions used for the calculation of the severance indemnity obligation as of June&nbsp;30, 2013 and December&nbsp;31, 2012, are
as follows: </FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="30%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Chile</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Argentina</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As&nbsp;of</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">December&nbsp;31,&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As&nbsp;of</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">December&nbsp;31,&nbsp;&nbsp;</FONT></B></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortality table</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">RV-2004</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">RV-2004</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">Gam&nbsp;&#145;83</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Gam&nbsp;&#145;83</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Annual interest rate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">6.8%</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">6.8%</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">26.6%</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">26.6%</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Voluntary employee turnover rate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">1.9%</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1.9%</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">n/a</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">n/a</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Company&#146;s needs rotation rate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">5.3%</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">5.3%</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">n/a</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">n/a</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Salary increase</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">3.7%</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3.7%</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#ccffcc">21.2%</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">21.2%</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Estimated retirement age for</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Officers</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">60</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">60</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">60</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">60</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Other&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></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Male</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">65</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">65</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">65</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">65</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Female&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">60</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">60</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">60</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">60</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Sensitivity Analysis </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Following is a sensitivity analysis based on increased (decreased) of 1 percent on the discount rate: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="14%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Sensitivity Analysis</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">As&nbsp;of&nbsp;December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">1% increase in the Discount Rate (Gain)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">877,404&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">854,557&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">1% decrease in the Discount Rate (Loss)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(1,005,906)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(980,616)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 97 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Personal expense </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The amounts recorded in the Consolidated Statement of Income for the six and three months ended as of June&nbsp;30, 2013 and 2012, are as follows: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Personal expense</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;&nbsp;<BR>June 30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For&nbsp;the&nbsp;three&nbsp;months&nbsp;ended&nbsp;&nbsp;<BR>June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Salaries</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">52,019,912&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">45,888,436&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">25,799,406&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">22,645,994&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Employees&#146; short-term benefits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">6,800,324&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">4,908,543&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,197,070&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">2,923,908&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Employments termination benefits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,620,467&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">2,452,941&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,320,098&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">845,141&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other staff expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">9,826,405&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">8,546,983&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,837,310&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">4,310,905&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total (1)</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">71,267,108&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">61,796,903&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">36,153,884&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">30,725,948&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">(1) <FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>See Note 10</I></B></FONT><FONT STYLE="font-family:ARIAL">.
</FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_65"></A>Note 32 Non-controlling Interests </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The detail of Non-controlling Interests is the following: </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">a) Equity </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="62%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Equity</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD ROWSPAN="2" VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD ROWSPAN="2" VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;<BR>2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of&nbsp;&nbsp;<BR>December&nbsp;31,&nbsp;&nbsp;<BR>2012&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Vi&ntilde;a San Pedro Tarapac&aacute; S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">69,355,057&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">74,676,117&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Aguas CCU-Nestl&eacute; Chile S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">12,816,782&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">11,327,035&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Pisquera de Chile S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,545,160&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">4,654,855&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Cervecera Kunstmann S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">3,640,664&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">3,459,887&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Saenz Briones&nbsp;&amp; C&iacute;a. S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,783,565&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">2,772,662&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sidra La Victoria S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,059&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">1,210&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">405,825&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">406,841&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">92,548,112&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">97,298,607&nbsp;</FONT></B></TD></TR>
<TR>
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">b) Result</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="3" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Result</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;&nbsp;<BR>June&nbsp;30,&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">For&nbsp;the&nbsp;three&nbsp;months&nbsp;ended&nbsp;&nbsp;<BR>June&nbsp;30,&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Vi&ntilde;a San Pedro Tarapac&aacute; S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,028,724&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">1,398,871&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">952,789&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">1,087,184&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Aguas CCU-Nestl&eacute; Chile S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,644,465&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">2,403,667&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">790,351&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">708,691&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Pisquera de Chile S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">364,590&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">386,935&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">290,487&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">287,241&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Cervecera Kunstmann S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">361,554&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">437,498&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">68,472&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">197,007&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Saenz Briones&nbsp;&amp; C&iacute;a. S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(882,168)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">(1,140,659)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(396,909)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">(628,473)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sidra La Victoria S.A.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(107)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">(77)&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">(45)&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">(7)&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">17,616&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">23,862&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">42,860&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff">345&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">3,534,674&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">3,510,097&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,748,005&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">1,651,988&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 98 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_66"></A>Note 33 Common Shareholders&#146; Equity </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Subscribed and paid-up Capital </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013 and December&nbsp;31, 2012, the Company&#146;s capital shows a balance of ThCh$ 215,540,419, consisting of a total 318,502,872
shares without face value, entirely subscribed and paid-up. The Company has issued only one series of common shares, without any pre-emptive rights. Such common shares are registered for trading at the Santiago and Chile Stock Exchanges, and at the
New York Stock Exchange /NYSE), evidenced by ADS (American Depositary Shares), with an equivalence of two shares per ADS (<FONT STYLE="font-family:ARIAL" COLOR="#339966"><B><I>See Note 1</I></B></FONT><FONT STYLE="font-family:ARIAL">). </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Extraordinary Shareholders meeting held on June&nbsp;18, 2013, resolved to increase the capital of the Company in the amount up to ThCh$ 340,000,000,
through the issuance of 51,000,000 shares, a same and unique series. Such shares shall be issued and paid&nbsp;until June&nbsp;18, 2016. The price at which these shares will be offered will be determined by the Board of Directors, in accordance with
the powers granted by the Extraordinary Shareholders Meeting. On July&nbsp;23, 2013 the Superintendencia de Valores y Seguros authorized the registration of such shares. At the date of issuance of these interim consolidated financial statements, the
price of this shares have not been determined. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Capital Management </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The main purpose, when managing shareholder&#146;s capital, is to maintain an adequate credit risk profile and a healthy capital ratio, allowing the
access of the Company to the capitals market for the development of its medium and long term purposes and, at the same time, to maximize shareholder&#146;s return. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#339966"><B><I>Consolidated Statement of Comprehensive Income </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013 and 2012, the detail of the
comprehensive income and expense of the term is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Other Income and expense charged or credited against net equity</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Gross&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">Balance&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Tax&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Net&nbsp;Balance&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash flow hedge (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">274,311&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(54,862)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">219,449&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion differences of subsidiaries abroad</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,575,587)&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,575,587)&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Actuarial gains and losses on defined benefit plans reserves (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(74,409)&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,882</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(59,527)&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total comprehensive income as of June&nbsp;30,
2013</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">(3,375,685)&nbsp;</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,980&nbsp;</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">(3,415,665)&nbsp;</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Other Income and expense charged or credited against net equity</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Gross&nbsp;&nbsp;<BR>Balance&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Tax&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Net Balance&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash flow hedge (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(154.575)&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.750&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(126.825)&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Conversion differences of subsidiaries abroad</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8.895.011)&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8.895.011)&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total comprehensive income as of June&nbsp;30, 2012</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">(9.049.586)&nbsp;</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">27.750&nbsp;</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">(9.021.836)&nbsp;</FONT></B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">(1) These concepts will be reclassified to the Statement of Income when its settled. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 99 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Income per share </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The basic income per share is calculated as the ratio between the net income (loss) of the term corresponding to shares holders and the weighted average
number of valid outstanding shares during such term. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">For the six and three months ended as of June&nbsp;30, 2013 and 2012, the information used for
the calculation of the income as per each basic and diluted share is as follows: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Income per share</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For the six months ended&nbsp;&nbsp;<BR>June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">For the three months&nbsp;&nbsp;<BR>ended June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">2012&nbsp;&nbsp;</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity holders of the controlling company (ThCh$)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,744,639&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,535,799&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,429,225&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,310,918&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Weighted average number of shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">318,502,872&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">318,502,872&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">318,502,872&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">318,502,872&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Basic and diluted income per share (in Chilean pesos)</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">175.02&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">161.81&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">48.44&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">35.51&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity holders of the controlling company (ThCh$)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,744,639&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,535,799&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,429,225&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,310,918&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Weighted average number of shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">318,502,872&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">318,502,872&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">318,502,872&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">318,502,872&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Basic and diluted income per share (in Chilean pesos)</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">175.02&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">161.81&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">48.44&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">35.51&nbsp;</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013 and 2012, the Company has not issued any convertible or other kind of instruments creating
diluting effects. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Distributable net Income </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">In accordance with Circular No 1945 from the SVS on November&nbsp;4, 2009, the Board of Directors agreed that the net distributable profit for the year
2011 will be that reflected in the financial statements attributable to equity holders of the parents, without adjustment it. The above agreement remains in effect for the six months ended as of June&nbsp;30, 2013. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Dividends </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The
Company&#146;s dividend policy consists of annually distributing at least 50% of the net distributable profit of the year. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31,
2012 and for the six months ended as of June&nbsp;30, 2013, the Company has distributed the following dividends, either interim or final: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Dividend&nbsp;N&ordm;</FONT></B></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Payment&nbsp;Date&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Type&nbsp;of&nbsp;Dividend</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Dividends&nbsp;per&nbsp;Share</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Related&nbsp;to&nbsp;FY</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL" ALIGN="center">242</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">01-06-2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Interim</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">61.00000</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2011</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL" ALIGN="center">243</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">04-20-2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Final</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">131.70092</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2011</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL" ALIGN="center">244</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">01-06-2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Interim</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">63.00000</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2012</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL" ALIGN="center">245</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">04-19-2013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Final</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">116.64610</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2012</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On April&nbsp;11, 2012, at the General Shareholders Meeting it was agreed to pay the final Dividend No.&nbsp;243,
amounting to ThCh$ 41,947,122 corresponding to $ 131.70092&nbsp;per share. This dividend was paid on April&nbsp;20, 2012. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">On April&nbsp;10, 2013, at
the General Shareholders Meeting it was agreed to pay the final Dividend No.&nbsp;245, amounting to ThCh$ 37,150,685 corresponding to $ 116.64610&nbsp;per share. This dividend was paid on April&nbsp;19, 2013. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 100 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Other Reserves </I></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The reserves that are a part of the Company&#146;s equity are as follows: </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify"><U>Currency Translation Reserves</U>: This reserve originated mainly from the translation of foreign subsidiaries&#146; financial statements which
functional currency is different from the presentation currency of the Interim Consolidated Financial Statements. As of June&nbsp;30, 2013 and December&nbsp;31, 2012, it amounts to a negative reserve of ThCh$ 48,039,777 and ThCh$ 44,675,962,
respectively. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify"><U>Hedge reserve</U>: This reserve originated from the hedge accounting application of financial liabilities for. The reserve is
reversed at the end of the hedge agreement, or when the transaction ceases qualifying hedge accounting, whichever is first. The reserve effects are transferred to income. As of June&nbsp;30, 2013 and December&nbsp;31, 2012, it amounts to a positive
reserve of ThCh$ 78,494 and a negative reserve of ThCh$ 98,990, net of deferred taxes, respectively. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify"><U>Actuarial gains and losses on defined
benefit plans reserves:</U> This reserve originates from January&nbsp;1, 2013, due application of the amendment to IAS 19. The amount recorded is a negative reserve of ThCh$ 67,319. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify"><U>Other reserves</U>: As of June&nbsp;30, 2013 and December&nbsp;31, 2012, the amount is a negative reserve of ThCh$ 1,590,712 for both dates. Such
reserves relate mainly to the following concepts: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">-</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Adjustment due to re-assessment of fixed assets carried out in 1979. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">-</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Price level restatement of paid-up capital registered as of December&nbsp;31, 2008, according to SVS Circular Letter N<SUP
STYLE="font-size:85%; vertical-align:top">a</SUP>456. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">-</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Difference in purchase of shares of the subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. made during year 2012 and 2013 (<B><I><FONT COLOR="#339966">Note
1, paragraph</FONT> <FONT COLOR="#339966">(1)</FONT></I></B>). </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 101 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_67"></A>Note 34 Effects of changes in currency exchange rate
</B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Current assets are denominated in the following currencies: </P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">CURRENT
ASSETS</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2013</FONT></B></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;As&nbsp;of&nbsp;December&nbsp;31,<BR>2012</FONT></B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Current assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash and cash equivalents</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>65,826,508</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>102,337,275</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">55,719,887</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84,177,175</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">816,095</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">975,193</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Euros</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">10,052</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">303,571</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">8,571,619</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,847,635</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">617,761</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others currencies</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">91,094</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,701</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other financial assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>3,347,760</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,380,474</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,276,033</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,227,252</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,040,075</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">119,822</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Euros</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">6,387</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,569</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others currencies</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">25,265</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,831</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other non-financial assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>15,239,913</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,376,293</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">9,290,010</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,990,800</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.F.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">103,871</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">284,030</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">5,800,186</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,101,395</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">45,846</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Accounts receivable - trade and other receivables</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>152,228,981</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>204,570,870</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">88,570,083</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">128,498,015</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.F.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">44,478</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">103,408</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">23,057,487</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,142,827</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Euros</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">8,577,321</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,973,740</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">27,941,411</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,422,310</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,980,819</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others currencies</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,057,382</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,430,570</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Accounts receivable from related companies</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>8,210,659</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>9,611,990</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">7,872,594</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,907,116</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.F.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">329,810</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">422,033</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">282,841</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Euros</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">8,255</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Inventories</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>160,438,248</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>141,910,972</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">131,946,859</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">118,219,722</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">3,111,438</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,715,441</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Euros</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">294,326</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">229,090</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">24,394,064</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,746,719</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">691,561</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Tax receivables</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>16,083,566</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>19,287,830</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">12,703,945</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,690,439</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,930,525</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,597,391</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">449,096</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Non-current assets held for sale</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>397,693</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>412,332</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">397,693</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">412,332</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:2.50pt solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total current assets</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:2.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:2.50pt solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">421,773,328</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:2.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:2.50pt solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">495,888,036</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD COLSPAN="5" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">307,379,411</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">366,710,519</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.F.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">478,159</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">809,471</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">29,025,095</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,236,192</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Euros</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">8,896,341</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,528,970</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">70,035,498</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93,127,782</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">3,785,083</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others currencies</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,173,741</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,475,102</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total current assets by currencies</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">421,773,328</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">495,888,036</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 102 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Non-Current assets are denominated in the following currencies: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="85%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">NON-CURRENT
ASSETS</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;As&nbsp;of&nbsp;June&nbsp;30,&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">2013</FONT></B></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">&nbsp;As&nbsp;of&nbsp;December&nbsp;31,<BR>2012</FONT></B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#65bc23"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Non-current assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#65bc23"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other financial assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>167,435</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>65,541</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">167,435</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,541</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other non-financial assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>15,714,793</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,239,482</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">13,749,651</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,755,055</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,965,142</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,484,427</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Accounts receivable from related companies</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>382,919</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>414,115</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.F.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">382,919</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">414,115</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Investments accounted for using the equity method</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>17,304,525</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,326,391</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">17,212,080</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,235,882</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">92,445</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90,509</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Intangible assets different than goodwill</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>58,297,088</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>58,669,967</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">46,686,203</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,949,148</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">11,610,885</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,720,819</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Goodwill</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>76,350,145</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>70,055,369</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">60,982,749</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,122,302</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">15,367,396</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,933,067</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Property, plant and equipment (net)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>638,090,998</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>612,328,661</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">545,737,058</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">534,910,116</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">85,116,345</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77,418,545</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">7,237,595</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Biological assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>17,802,806</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>18,105,213</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">17,284,900</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,174,554</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">517,906</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">930,659</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Investment property</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>6,432,263</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,560,046</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">3,540,719</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,541,321</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,891,544</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,018,725</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Deferred tax assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>25,614,556</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,794,919</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">14,960,268</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,242,294</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">10,326,606</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,552,625</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">327,682</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:2.50pt solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total non-current assets</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:2.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:2.50pt solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">856,157,528</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-BOTTOM:2.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:2.50pt solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">830,559,704</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD COLSPAN="5" VALIGN="top"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">720,153,628</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">715,930,672</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.F.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">382,919</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">414,115</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">167,435</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,541</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">127,888,269</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114,149,376</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">7,565,277</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total non-current assets by currencies</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">856,157,528</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">830,559,704</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 103 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Current liabilities are denominated in the following currencies: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">CURRENT LIABILITIES</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of December&nbsp;31,
2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Until&nbsp;90&nbsp;days&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">More&nbsp;the&nbsp;91</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">days&nbsp;until&nbsp;1&nbsp;year&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Until&nbsp;90&nbsp;days&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">More&nbsp;the&nbsp;91&nbsp;days</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">until 1 year</FONT></B></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>24,182,309</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>105,037,137</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>29,260,740</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>25,613,527</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">825,467</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">11,584,399</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,456,464</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,384,908</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.F.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,795,285</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">71,425,632</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,828,034</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,958,439</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">3,078,161</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,439,420</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">919,513</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,976,161</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Euros</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">92,243</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,110,505</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196,660</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">17,114,601</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">13,477,181</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,860,069</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,294,019</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,216,951</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others currencies</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">59,601</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Account payable - trade and other payables</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>119,457,175</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>392,844</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>164,942,914</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>449,534</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">86,393,391</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">355,915</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">108,134,279</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">415,325</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">7,154,001</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,174,297</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,209</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Euros</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,074,450</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">36,929</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,152,350</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">21,287,725</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,143,583</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,524,118</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others currencies</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">23,490</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">338,405</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Accounts payable to related companies</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>10,560,756</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,013,545</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,444,339</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,663,033</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.F.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">2,796,207</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">604,276</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Euros</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">5,320,210</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,746,236</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other short-term provisons</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>587,440</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>401,849</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">22,399</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,609</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">565,041</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">400,240</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Tax liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>825,359</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>8,581,518</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>7,096,722</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">8,516,790</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,516,584</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">781,195</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">64,728</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,580,138</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">44,164</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Employee benefits provisions</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>2,233,281</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>9,437,338</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,901,531</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">9,394,342</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,366,550</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,933,248</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">42,996</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,534,981</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">300,033</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other non-financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>27,530,837</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>1,788,560</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>58,795,663</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,053,591</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">27,491,305</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">1,726,393</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58,766,429</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,010,899</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">28,196</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,234</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,692</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">11,336</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">62,167</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total current liabilities</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">185,377,157</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">125,237,397</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">261,414,711</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">53,114,905</FONT></B></TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD COLSPAN="9" VALIGN="top" STYLE="BORDER-TOP:2.50pt solid #ffffff" BGCOLOR="#004811">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">117,176,901</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">31,577,839</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">174,021,814</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,694,266</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.F.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,591,492</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">71,425,632</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,432,310</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,958,439</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">10,232,162</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,439,420</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,093,810</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,010,370</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Euros</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">7,486,903</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,147,434</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,095,246</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">41,710,006</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">13,647,072</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63,433,126</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,451,830</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">4,096,602</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others currencies</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">83,091</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">338,405</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total current liabilities by currency</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">185,377,157</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">125,237,397</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">261,414,711</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">53,114,905</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 104 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Non-Current liabilities are denominated in the following currencies: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of December&nbsp;31, 2012</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">NON-CURRENT LIABILITIES</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">More&nbsp;than&nbsp;1</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">year until 3</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">years</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">More&nbsp;than&nbsp;3&nbsp;year</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">untl 5 years</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">&nbsp;&nbsp;More&nbsp;than&nbsp;5&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">years</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">More&nbsp;than&nbsp;1</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">year until 3</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">years</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">More&nbsp;than&nbsp;3&nbsp;year</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">untl 5 years</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">&nbsp;&nbsp;More&nbsp;than&nbsp;5&nbsp;&nbsp;</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">years</FONT></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811">&nbsp;</TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>26,637,110</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>33,562,104</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>85,427,706</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>95,375,656</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>31,195,469</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>82,551,610</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">15,907,629</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,892,549</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.F.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">6,600,019</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">6,415,316</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">81,509,960</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77,304,824</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,444,726</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80,779,119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">4,336,331</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">7,321,412</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,085,703</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">15,700,760</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">3,917,747</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">3,917,746</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,070,832</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,772,491</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,772,491</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other accounys payable</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>809,368</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="right" BGCOLOR="#ccffcc"><B>-</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>724,930</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="right"><B>-</B></TD>
<TD VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">809,368</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">724,930</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Accounts payable to related companies</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>6,262</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>-</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>-</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,391,810</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">6,262</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,521</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.F.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,385,289</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other long term provisions</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>-</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>2,476,666</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>146,906</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,281,866</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>211,414</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">10,655</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">54,009</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">1,221,265</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">92,897</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,281,866</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">186,414</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">1,244,746</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Deferred tax liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>18,268,090</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>6,830,921</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>46,935,042</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21,092,438</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7,146,940</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>46,256,563</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">17,453,562</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">6,287,902</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">38,754,577</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,206,973</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,556,630</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,548,024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">814,528</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">543,019</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">7,263,090</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">885,465</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">590,310</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,708,539</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">917,375</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Employee benefits provisons</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>-</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>-</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right"><B>14,049,102</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,456</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>-</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>13,167,686</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;&nbsp;</B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">12,571,341</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,821,375</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">1,477,761</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,456</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,346,311</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total non-current liabilities</FONT></B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="middle" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">45,720,830</FONT></B></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="middle" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">42,869,691</FONT></B></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="middle" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">146,558,756</FONT></B></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="middle" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">119,588,290</FONT></B></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="middle" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">39,624,275</FONT></B></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="middle" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">142,187,273</FONT></B></TD>
<TD NOWRAP VALIGN="middle" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-size:1px; font-family:ARIAL; font-size:8pt">
<TD COLSPAN="24" VALIGN="top" STYLE="BORDER-TOP:2.50pt solid #ffffff" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:2.50pt solid #ffffff" BGCOLOR="#004811">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CLP</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">17,459,824</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">22,206,186</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">51,379,927</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,213,494</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,449,179</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,394,399</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.F.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">6,600,019</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">6,415,316</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">81,509,960</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">79,690,113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,444,726</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80,779,119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">USD</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">5,145,699</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">7,321,412</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">724,930</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,085,703</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$ARG</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">16,515,288</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">5,682,031</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">12,751,494</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,959,753</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,644,667</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,013,755</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">UYU</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">1,244,746</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc" ALIGN="right">917,375</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total non-current liabilities by currency</FONT></B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="middle" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">45,720,830</FONT></B></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="middle" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">42,869,691</FONT></B></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="middle" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">146,558,756</FONT></B></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="middle" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">119,588,290</FONT></B></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="middle" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">39,624,275</FONT></B></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;</FONT></B></TD>
<TD VALIGN="middle" BGCOLOR="#004811" ALIGN="right"><B><FONT COLOR="#ffffff">142,187,273</FONT></B></TD>
<TD NOWRAP VALIGN="middle" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;</FONT></B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 105 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_68"></A>Note 35 Contingencies and Commitments </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Operating lease agreements </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The total amount of the Company&#146;s obligations to third parties relating to lease agreements that may not be terminated is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="6%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Lease Agreements not to be terminated</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;June&nbsp;30,&nbsp;2013</FONT></B></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Within 1 year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">108,272,369</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Between 1 and 5 years</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">172,885,943</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Over 5 years</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ccffcc">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ccffcc">103,066,294</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">384,224,606</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Purchase and supply agreements </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The total amount of the Company&#146;s obligations to third parties relating to purchase and supply agreements as of June&nbsp;30, 2013, is as follows:
</P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Purchase and supply agreementsistros</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Purchase&nbsp;and&nbsp;supply&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">agreements</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Purchase&nbsp;and</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT
 COLOR="#ffffff">contract&nbsp;related&nbsp;to</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">wine&nbsp;and&nbsp;grape</FONT></B></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Within 1 year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ffffff">94,606,038</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ffffff">13,666,331</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Between 1 and 5 years</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ffffff">164,882,092</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ffffff">8,003,851</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Over 5 years</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ffffff">102,818,034</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#ffffff">248,260</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT COLOR="#ffffff">Total</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">362,306,164</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">21,918,442</FONT></B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Capital investment commitments </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of June&nbsp;30, 2013, the Company had capital investment commitments related to Property, plant and equipment and intangibles (software) for
approximately ThCh$ 151,749,043. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Litigation </I></B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The following are the most significant proceedings faced by the Company and its subsidiaries, including all those present a possible risk of occurrence
and causes whose committed amounts, individually, are more than ThCh$ 25,000. Those loss contingencies for which an estimate cannot be made have been also considered. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 106 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Proceedings and claim </I></B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="29%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Subsidiary</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Court</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Number&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Description</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Status</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Estimated&nbsp;accrued&nbsp;&nbsp;<BR>loss contingency</FONT></B></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Vi&ntilde;a&nbsp;San&nbsp;Pedro&nbsp;Tarapac&aacute; S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">1&deg;&nbsp;Juzgado<BR>de&nbsp;Letras&nbsp;del<BR>Trabajo de<BR>Santiago</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">655-2009</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Interpretation of collective bargaining agreement, illegal discounts of remuneration&nbsp;and&nbsp;restitution of the discounted amounts.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">The Court of appeals rejected VSPT annulment request. VSPT lost the trial. The case was refered to the Juzgado de Cobranza Laboraly Previsional, who must practice the liquidation of the award. Pending practice the liquidation.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">M$15.000</TD></TR>
<TR>
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Industrial Cervecera S.A. (CICSA)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Court of first<BR>instance in<BR>Argentina</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Claim for supposed sudden termination of a distribution agreement.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chamber judgment appealed by the actor.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">M$60.000</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Industrial Cervecera S.A. (CICSA)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Court of first<BR>instance in<BR>Argentina</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Claim for supposed untimely termination of distribution agreement.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">The plaintiff requested a lien over CICSA&acute;s <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">factory&nbsp;in&nbsp;the&nbsp;province&nbsp;of&nbsp;Salta.&nbsp;On&nbsp;03-12-09</FONT></FONT> the Company was
notified of the end of the probationary period and on 04-08-09 was presented the arguments. The award of the case is pending.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">US$ 45.000</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Industrial Cervecera S.A. (CICSA)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Court of first<BR>instance in<BR>Argentina</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Labour trial for layoff</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">On evindentiary period (contributions must be paid).</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">US$ 84.000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Saenz Briones&nbsp;&amp; C&iacute;a. S.A.I.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Court of first<BR>instance in<BR>Argentina</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">City Council&acute;s Administrative Claim related to advertising and publicity fees.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">The award overruled the administrative judicata and omitted the consideration of diriment evidence as an accounting expert opinion. As a result of a lien over a bank account and at the Company&acute;s request, conversations have
been started with counsel for the claimant in order to find a settlement to the law suit.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">US$ 60.000</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Saenz Briones&nbsp;&amp; C&iacute;a. S.A.I.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Court of first<BR>instance in<BR>Argentina</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Labour trial for layoff</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">On 06-14-12 the statment of defense was file and on 08-13-12 was deemed to be submitted on time and form. On 08-17-12 was credited in the file the deposit of the final settlement and compensation.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">US$ 79.000</TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Saenz Briones&nbsp;&amp; C&iacute;a. S.A.I.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Court of first<BR>instance in<BR>Argentina</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Labour trial for layoff</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">On February 8, 13 And 14, 2013 held hearings testimonial, having only declared witnesses Elio Delpup and Miguel Lombardi. SBC took commitment to his witnesses so they are brought to the second scheduled hearing. On February 19,
2013, SBC challenged the testimony of the witnesses Delpup and Lombardi. The Court set new dates for hearings for the days: 05.23.2013 at 10 p.m for the witnesses Prieto, Bassi, Hayet and Torres; and 05.24.2013 at 10 p.m for witnesses Avalis, Lalin
and Soler.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">US$ 78.000</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Compa&ntilde;&iacute;a Industrial Cervecera S.A. (CICSA)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">City Council&acute;s Administrative Claim related to advertising and publicity fees.</P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">The process is in administrative phase. Depending on the results, the Company will determine whether it files a law suit.</P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">US$&nbsp;1.114.000</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The Company and its subsidiaries have established provisions to allow for such contingencies for ThCh$ 1,239,311 and
ThCh$ 984,466, as of June&nbsp;30, 2013 and December&nbsp;31, 2012, respectively. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 107 </P>


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<TD WIDTH="33%"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Tax processes </I></B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">At the date of issue of these interim consolidated financial statements, the Company does not maintain significant tax processes. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966"><B><I>Guarantees </I></B></FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">As of
June&nbsp;30, 2013, the subsidiary Vi&ntilde;a San Pedro Tarapac&aacute; S.A. (VSPT) has not granted direct guarantees as part of its common financing operations. Nevertheless, its VSPT has entered into indirect guarantees as joint guarantors of
financing operations by Finca La Celia subsidiary, in the Republic of Argentina. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">A summary of the main terms of the guarantees granted appears
below: </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The subsidiary Finca la Celia maintains financial debt with local banks in Argentina, guaranteed by VSPT through stand-by letters issued by
Banco del Estado de Chile, according to the following detail: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Institution</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Amount</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Due date</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Banco Patagonia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">USD&nbsp;2.000&nbsp;mil</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">January&nbsp;17,&nbsp;2014</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Banco Patagonia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">USD 1.200 mil</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">January 17, 2014</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Banco San Juan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">USD 1.000 mil</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">December&nbsp;20,&nbsp;2013</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Banco Franc&eacute;s</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">USD 1.500 mil</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">October 25, 2013</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Banco Santander R&iacute;o</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">USD 1.100 mil</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Febraury 17, 2014</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The mentioned stand-by letters were issued by VSPT according to the maturity of the financial debts negotiated with the
Argentine banks, and they are within the financing policy framework approved by VSPT Board of Directors on April&nbsp;5, 2011. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The loan obtained by
the subsidiary CICSA in Argentina, as described in <B><I><FONT STYLE="font-family:ARIAL" COLOR="#339966">Note 27</FONT></I></B><FONT STYLE="font-family:ARIAL">, is guaranteed by CCU S.A. through a stand- by unrestricted, 1 year term, renewable for
equal period during the term of the loan. </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 108 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>



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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_69"></A>Note 36 Environment </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Major Environmental costs accrued as of June&nbsp;30, 2013, in the Industrial Units of CCU S.A. are distributed as follows: </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">- IWWT Expenses: 56.3%. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">These expenses are mainly
related to the maintenance and control of our Industrial Waste Water Treatment Plants (IWWT). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">- SIR Expenses: 30.1%. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">These expenses are related to the handling and disposal of Solid Industrial Residues (SIR), including hazardous wastes (Respel) and recyclable residues.
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">- Gas Emission Expenses: 1.6%. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">These expenses
are related to the calibration and verification of monitoring and operational instrumentation of stationary sources (mainly industrial boilers and electric generators) and their respective emissions, in order to provide compliance to rules and
regulations in the field. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">- Other Environmental Expenses: 12% </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">Those expenses are related to the verification and compliance of ISO 22000 Food Safety, ISO 14000 Environmental Management and ISO 18000 OHSAS
Operational Health and Safety Management Systems in our industrial plants or deposits, which are in different implementation stages or are in a renewal certification stages. The implementation of these three standards is a corporate goal. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The most relevant investments made during the year 2013, are listed below: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">-</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Compa&ntilde;&iacute;a Cervecer&iacute;a Kunstmann. New waste water treatment plant (UF 56,693) and Fire risk prevention project (UF 2,972), which will be
finished in December 2014 and December 2013, respectively. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">-</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">CPCh. For all plants Seism risk prevention: Mechanical strengthening of tanks (UF 37,726) and in Ovalle plant: reinforcement of civil tanks (UF 5,933), both
should be finished by December 2014. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">-</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">CCU Chile: Santiago plant, second phase of the improvement project for the Waste Water Treatments (UF 19,639), Labels Compactor in packaging line 1 (UF 515),
both will be finished on December 2013. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">-</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">CCU Chile. Temuco Plant: Filter presses for sludge (UF 6,173), Thermal energy recovery for the brewhouse (UF 3,342), light packaging (UF 605) and replacement
blowers Riles of IWWT (UF 281), all will be finished in December 2013. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">-</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">VSPT. Molina Plant: Seism risk prevention project Strengthening of tanks FES (UF 19,034), flowmeter for IWWT (UF 206), container for trash (UF 114) and drive
automation of RILES Hill (UF 49). In Lontu&eacute; Plant: tertiary treatment of waste water (UF 514) and concrete slab to solid waste areas (UF 268). To Isla de Maipo Plant: Treatment sludge system (UF 1,543) and Storage system for hazardous waste
(UF 514) all will be finished in December 2013. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">-</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">ECUSA. Santiago, Boiler improvement in compliance with regulations regarding NOX emissions (UF 3,002), caustic soda recovery sytem of the CIP elaboration (UF
2,518), meters of water, steam and EE (UF 1,071), HACCP (UF 974), water recovery project for bottle washers (Phase 1) ( UF 181). Antofagasta Plant: Automation of waste water treatment system (UF 772), enabling fier brigade (UF 514) and construction
parapet tanks (UF 277). All projects which should be completed in December 2013. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">-</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">CCU Argentina. Economizer project in Santa F&eacute; Plant (UF 4,553), expected finalized in December 2013. </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">-</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Plasco. Measurement of electricity consumption for processing lines (UF 2,984) and change lighting plant of caps plant (UF 282), which should end in December
2013. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">-</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt">Aguas CCU-Nestl&eacute; S.A. Seism risk prevention project conditioning equipment (UF 514). </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 109 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">Notes to the Interim Consolidated Financial Statements (Unaudited)</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#339966">June 30, 2013</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g581395ccu_logo.jpg" ALT="LOGO">
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="justify">The main disbursements of the semester, detailed by projects, are the following: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="4" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#004811">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Company&nbsp;that&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">made the&nbsp;&nbsp;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">disbursement&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="4" ALIGN="center" BGCOLOR="#004811"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Project&nbsp;&nbsp;</FONT></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="11" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Disbursment incurred during the
year</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="7" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As of June&nbsp;30, 2013</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">As&nbsp;of&nbsp;December&nbsp;31,&nbsp;
2012</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Expenditure&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Investment&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Committed&nbsp;&nbsp;<BR>amount&nbsp;in&nbsp;&nbsp;<BR>future&nbsp;periods&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><B><FONT COLOR="#ffffff">Estimated&nbsp;date&nbsp;&nbsp;<BR>completion&nbsp;of&nbsp;&nbsp;<BR>disbursements&nbsp;&nbsp;</FONT></B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Expenses&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">Investment&nbsp;&nbsp;</FONT></B></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD>
<TD VALIGN="bottom" BGCOLOR="#004811" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:8pt" BGCOLOR="#004811"><B><FONT COLOR="#ffffff">ThCh$</FONT></B></TD></TR>


<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CCU Chile Ltda.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Disposal&nbsp;of&nbsp;industrial&nbsp;solids,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">liquids and others
residues</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">680.910</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">39.013</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">705.620</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">Dec-13</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">617.918</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">2.718.600</TD></TR>
<TR>
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cia. Industrial Cervecera S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Disposal of industrial solids,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">liquids and others
residues</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">758.598</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">10.437</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">104.117</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">Dec-13</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">706.380</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-</TD></TR>
<TR>
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cia. Pisquera de Chile S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Disposal of industrial solids,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">liquids and others
residues</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">122.214</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">187.632</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">998.458</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">Dec-13</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">73.069</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">219.341</TD></TR>
<TR>
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Transportes CCU Ltda.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Disposal of industrial solids,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">liquids and others
residues</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">106.950</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">-</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">106.235</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">37.315</TD></TR>
<TR>
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">VSPT S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Disposal of industrial solids,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">liquids and others
residues</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">180.991</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">32.691</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">508.678</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">Dec-13</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">114.116</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right">70.012</TD></TR>
<TR>
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Others</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Disposal of industrial solids,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">liquids and others residues</P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">489.209</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">134.934</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">1.698.484</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">Dec-13</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">266.181</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">244.894</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD>
<TD VALIGN="bottom" BGCOLOR="#004811">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#004811"></TD></TR>
</TABLE> <P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#003300"><B><A NAME="fin581395_70"></A>Note 37 Subsequent Events </B></FONT></P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><B>A.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt"><B></B>The Interim Consolidated Financial Statements of CCU S.A. have been approved by the Board Directors on August&nbsp;7, 2013. </P></TD></TR></TABLE>
<P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><B>B.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:ARIAL; font-size:9pt"><B></B>There are no others subsequent events between the closing date and the filing date of these Interim Financial Statements that could significantly
affect their interpretation. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">F - 110 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Signatures </B></FONT></P> <P STYLE="margin-top:14px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">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. </FONT></P>
<P STYLE="margin-top:14px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Compa&ntilde;ia Cervecerias Unidas S.A. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(United Breweries Company, Inc.) </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>


<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>/s/ Ricardo Reyes&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chief Financial officer</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date: August&nbsp;9, 2013 </FONT></P>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
